Читать книгу Tax Survival for Canadians - Dale Barrett - Страница 13

The CRA obtains information about taxpayers from information returns filed by third parties with respect to specific transactions. It then compares and verifies the information received by the third parties to ensure the taxpayers have accurately reported on their tax returns. This system of match and detect is frequently used to detect any non-filing of returns. Information returns predominantly deal with —

• partnerships carrying on business in Canada;

• employee paid remuneration;

• corporate security transactions if the corporation deals or trades in securities;

• financial institutions payment of accrued bond interest;

• offshore investments, including foreign affiliates, non-resident trust distributions or transfers, and designated foreign property (e.g., estate, portfolio investments, bank accounts) of Canadians if the total property value exceeds $100,000; and

• interest, dividends, or royalty payments to Canadian residents, and other payments to non-residents of Canada.