Navigation Menu

Poll

How do you rate your relationship with your CFO

Very good, they understand TP requirements well enough
8%
Good but there's room for improvement
30%
Good but TP is not their main concern
52%
They do not understand the requirements of the TP department
10%


View previous poll results

Skip to Navigation menu Skip to top of page

Attrition and new initiatives cause delays at Canada Revenue Agency

June 09, 2010

Advisers report consistent attrition at Canada Revenue Agency (CRA) and this along with new initiatives and internal protocols is causing a severe backlog in audits and advance pricing agreement (APA) applications.

Accounting firms have snatched several senior CRA figures in recent months. Deloitte hired JJ Lefevre and Shiraj Keshvani and Ernst & Young announced that Fred O’Riordan, Kevin O’Reilley, Al Rizzuto and Phil Fortier, have all joined them.

"We've seen CRA lose several senior leaders in the last couple of years, it causes all kinds of problems," said a senior transfer pricing partner from a Canadian law firm.

The recent departures have left a serious gap at the top for CRA. As the agency rushes to bring in new people to help bolster the team, advisers are concerned by the lack of continuity in the CRA audit teams and in some cases by the lack of experienced personnel.

Free Trial

Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.


Email:
Password:

Remember me?
Forgot your password?