knowledge topics

Administration

Identify that federal and provincial/territorial governments develop and maintain their respective tax laws.
Identify the bodies responsible for administering and collecting taxes.^1,2
Explain that the tax filing system is based on self-assessment.
Explain the purpose of the Canada Revenue Agency’s General Anti Avoidance Rule (GAAR).^3†
Identify the process, including timelines that exist for tax and information returns.
- For submission of a return⁴
- For assessment of a return⁵
- For reassessment of a return by the taxpayer or taxpayer’s legal representative(s)⁶
- For objections or appeals to a return or reassessment⁷
Explain the purpose of a personal Notice of Assessment.
Explain the sections of a personal Notice of Assessment.
Identify methods that may be used to obtain a personal Notice of Assessment.⁸
Identify that a process exists for reassessment of an income tax return by the Canada Revenue Agency.

Define

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Identify

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Explain

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Compare

To note the similarities and differences between two or more things
Estimate

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Calculate

To find the value using mathematics
Convert

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Evaluate

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Interpret

To give the meaning of / to construe or understand / to translate orally

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