2017-0724261C6 2017 CTF - Q7 - CRA Update

Principal Issues: Can the CRA provide an update on the Folios Project?

Position: Comments provided.

Author: Baldwin, Mary Pat
Section: -

2017 CTF Annual Conference
CRA Roundtable

Question 7: CRA Update

Can the CRA provide an update on the Folios Project? 

CRA Response

In 2013, the CRA introduced Income Tax Folios which are web-friendly technical publications that present the Agency’s interpretation of the law, and that summarize recent tax court decisions and technical positions adopted by the CRA up to the date of the folio’s publication.

The CRA undertook the Income Tax Folios Project to gradually phase out and replace IT Bulletins and Income Tax Technical Newsletters (ITTNs). When the project began, 265 related IT Bulletins were identified as being in need of update. The initial folios workload was prioritized for action based on considerations that included:

*     feedback received through internal and external consultations to identify the public need for guidance in each technical subject area; and

*     the availability of resources to prepare the required updates.

Since 2013, 39 folios have been published and many more are under development. The process for preparing each folio is time consuming as it requires detailed technical preparations on many complex issues, along with consultations within the CRA and with other government departments before each folio is published.

M. P. Baldwin
2017-072426
November 21, 2017

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