Last updated: May 01 2014
The new Registration of Tax Preparers Program, proposed to launch during the 2016-2017 fiscal year, will keep track of errors associated with a particular registrant in an effort of improve compliance. CRA is seeking input on this change in its relationship with professionals.
According to CRA, approximately 70% of individuals and business taxpayers use tax preparers for assistance with the annual tax filing process in Canada. Obviously, the tax preparation community is playing an important role in tax collection and the distribution of social benefits in this country.
In February 2014, our KBR poll asked tax practitioners whether CRA should implement the Registration of Tax Preparers Program (RTPP) to track and address recurring errors in professional tax preparation without setting minimum knowledge standards for both auditors and professionals. Over 300 respondents weighed in, with the majority – 55% – saying no to the program. Many provided thoughtful comments on the issue, which would be worth sharing with CRA. CRA has invited comments on the proposal.
Specifically, the CRA wants to hear feedback on the following:
The closing date for submissions is May 31, 2014 and the consultation is open to anyone. CRA is especially encouraging those who prepare tax returns for a fee to provide input.
Submissions can be made online or in writing to:
Registration of Tax Preparers Program Consultations
Canada Revenue Agency
Place de Ville, 806-8th Floor, Tower B
112 Kent Street, Ottawa, Ontario K1A 0L5