In this 17-minute web tip, host Joe Devaney sits down with John Oakey, VP of Taxation of CPA Canada, for a deep dive into how the Canada Revenue Agency (CRA) determines which tax proposals to administer.
With a prorogued Parliament, changing political leadership, and multiple outstanding proposals—including capital gains changes, the Canada Carbon Rebate, and more—understanding CRA’s decision-making process is more critical than ever.
John breaks down:
🔹 The key parameters CRA considers when deciding what to administer
🔹 The role of the Notice of Ways and Means Motion in taxation changes
🔹 A brief look at the state of select major tax proposals and what’s still uncertain
🔹 Practical steps for CPAs navigating this shifting landscape
Bottom line: With so much in flux, CPAs must stay informed, communicate clearly with clients, and document decisions to mitigate risk.
For the latest updates, follow John Oakey, FCPA, FCA, TEP, CC, Ryan Minor and Joseph Devaney CPA, CA on LinkedIn.
Additional reading: CPA Canada helps navigate tax uncertainty | CPA Canada
Recorded February 14, 2025
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