What tax credits are now going to be reviewed by the CRA under the Single Administration of Corporate Tax initiative?
A. Beginning on April 3, 2008, the CRA auditors are now responsible for reviewing tax credit claims for the following Ontario tax credits: • Ontario Innovation Tax Credit (OITC); • Ontario Business-Research Institute Tax Credit (OBRITC); • Ontario Film and Television Tax Credit (OFTTC); • Ontario Production Services Tax Credit (OPSTC); • Ontario Computer Animation and Special Effects Tax Credit (OCASETC); • Ontario Interactive Digital Media Tax Credit (OIDMTC); • Ontario Book Publishing Tax Credit (OBPTC); • Ontario Sound Recording Tax Credit (OSRTC); • Apprenticeship Training Tax Credit (ATTC); • Cooperative Education Tax Credit (CETC); • Qualifying Environmental Trust Tax Credit (QETTC).
Related Questions
- What tax credits are now going to be reviewed by the CRA under the Single Administration of Corporate Tax initiative?
- Which provincial functions will be assumed by the CRA under the single administration of Ontarios corporate tax?
- When will the transition to the CRA for the single administration of Ontarios corporate tax happen?
