What is Canada Revenue Agency (CRA)?
Asked 6 months ago
The Canada Revenue Agency (CRA) is the federal agency responsible for administering tax laws, collecting taxes, and enforcing compliance with tax legislation. It is an independent organization that operates under the federal government. The CRA manages various tax programs and initiatives, including the collection of income tax, goods and services tax (GST), and other levies. It also administers benefits and credits, such as the Canada Child Benefit and the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit. The CRA ensures individuals and businesses comply with tax laws by auditing tax returns and conducting investigations when necessary. Additionally, the CRA provides helpful resources, information, and online services to assist taxpayers in understanding and fulfilling their tax obligations.
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