TEI Submits Comments on Draft Form RC312 Under Canada's Mandatory Disclosure Rules

On February 13, 2023, TEI filed comments with the Canada Revenue Agency regarding Draft Form RC312 - Reportable Transaction and Notifiable Transaction Information Return. TEI's comments primarily concerned the volume of information required by the form, as well as the unclear nature of several provisions in the form. TEI's comments were prepared under the aegis of its Canadian Income Tax Committee, whose Chair is Steve Saunders of Atco. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of the Institute's comments.

Read the comments.