CPABC in Focus February/March 2014 | Page 29

s. Hear ERP Customer Understanding the complexities of the process The competent authority process can be complex, and there are some deadlines and responsibilities of which taxpayers need to be aware. Failure to comply may prevent relief from double taxation. Preparing the submission Information Circular 71-17R5, Guidance on Competent Authority Assistance under Canada’s Tax Conventions (IC 71-17R5), provides the CRA’s guidance on how Canadian taxpayers should prepare and submit a request for assistance. There are 17 items that must be included or specifically addressed in the competent authority submission. The competent authority process provides an additional avenue to battle (and overturn) the initial reassessment since the submission must include “the taxpayer’s view on any possible bases on which to resolve the issues.”6 After reviewing the taxpayer’s submission and understanding the facts, the Canadian competent authority has, in some cases, directed the local CRA tax office to vacate the reassessment. Therefore, taxpayers should view the competent authority process as an opportunity to further defend the original filing position, as opposed to simply just seeking relief from double taxation. Taxpayers’ responsibilities Each tax treaty is unique, with different time limits for which tax authorities can impose adjustments and for which taxpayers must notify and request competent authority assistance for relief from double taxation. For many of Canada’s tax treaties, the deadline to seek assistance is generally two to three years from the date of the reassessment that resulted in double taxation. However, there are some treaties, including the CanadaUS Treaty, where the onus is on the taxpayer to notify the competent authorities of the need for assistance within six years after the end of the taxation year in question. It is the taxpayer’s responsibility to notify the Canadian and US competent authorities, regardless of whether the CRA has completed its audit and issued a reassessment. If the taxpayer do