The latest information and developments on regulatory law across Canada.

Canada Revenue Agency’s new mandatory disclosure rules with significant non-compliance penalties passed into law

By Dina Awad

June 28, 2023

On June 22, 2023, Bill C-47 – An Act to implement certain provisions of the budget tabled in Parliament on March 28, 2023 received royal assent, implementing the new mandatory disclosure rules. The rules require taxpayers, promoters and advisors to report certain types of transactions or series of transactions to the Canada Revenue Agency (CRA).

Read the complete article here.

This piece was originally posted on Dentons.com

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About Dina Awad

Dina Awad is a partner in the Litigation and Dispute Resolution and Regulatory practice groups, with a practice focused on environmental, infrastructure, health and safety, and public-law disputes.

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