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ARTICLE · 13 FEBRUARY 2013

Canada Revenue Agency Provides Update On Strategic Direction And SR&ED

Dentons Canada LLP
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A summary of the Canada Revenue Agency's discusson on its current strategic activities and priorities and changes to the Scientific Research & Experimental Development program.

CanadaTax
Christian Orton
Christian Orton
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On February 6, 2013, at the Toronto-Centre Tax Professionals Breakfast Seminar, the Canada Revenue Agency discussed its current strategic activities and priorities and changes to the Scientific Research & Experimental Development (SR&ED) program.

Strategic Direction

Derrick Smith, Director of Policy Integration and Coordination Division of the Strategic Policy Directorate, Strategy and Integration Branch, presented on the CRA's current strategic activities and priorities. A brief overview of the issues he discussed are as follows:

  • Intelligent compliance management: The CRA is increasing its use of business intelligence and advanced analytics to ensure more efficient and effective compliance intervention. This is inspired in part by Australia's "industry campaign" approach and may include informing taxpayers of errors or other methods of encouraging compliance before a formal audit.

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