Income Tax Folios Three Cheers For The CRA

I ncome tax folios were first rolled out in March of 2013 and provide taxpayers with the CRA’s interpretations of our tax laws as they apply to the material aspects of various tax issues that commonly confront taxpayers. They are not intended to be exhaustive nor do they explain how every aspect of the law will apply to potential situations. These words are taken almost verbatim from CRA's publication, Introducing Income Tax Folios - so...