Canada Revenue Agency

Definition

The Canada Revenue Agency (CRA) is the federal agency responsible for administering tax laws, collecting taxes, and delivering a variety of social and economic benefit programs in Canada. 

What is the Canada Revenue Agency?

The CRA is responsible for collecting taxes owed by individuals, businesses, and other organizations in Canada. This includes conducting audits, investigations, and enforcement actions to ensure compliance with tax laws and regulations.

The CRA provides various services to taxpayers to help them understand their tax obligations, navigate the tax system, and access benefits and credits for which they are eligible. This includes providing information and guidance through its website, call centres, and in-person service locations.

Furthermore, the CRA is responsible for ensuring compliance with tax laws and regulations through education, outreach, and enforcement activities. This includes conducting audits, investigations, and criminal prosecutions to address tax evasion, fraud, and other forms of non-compliance.

Additionally, the CRA collaborates with other government agencies and jurisdictions to share information and combat tax evasion, money laundering, and other financial crimes. It also participates in international efforts to promote tax transparency and combat offshore tax evasion.