Chad Chang

The Canada Revenue Agency has revised its administrative stance on the application of withholding tax under paragraph 153(1)(g) of the Income Tax Act (Act) and section 105 of Canada’s Income Tax Regulations (Regulation 105). This revision relates to the reimbursement of subcontractor fees paid to non-residents for services performed in Canada, as outlined in two recent technical interpretations: CRA documents 2022-0943241E5 and 2022-0943242E5.

With an estimated $113 billion getting “washed” in Canada each year, it’s fair to say that money laundering touches nearly every aspect of our society.1 Given the magnitude of the problem and money launderers’ ever-changing efforts to evade detection, there’s a growing focus on regulatory compliance. This is especially evident in the anti-money laundering (AML) world, where scrutiny from regulatory bodies continues to intensify.

In this podcast episode, Chad Chang, CPA, CMA, co-founder and advisor at Purpose CPA, shares best practices and tips that CPAs can use to effectively select, integrate, and use accounting tech with Leah Giesbrecht, a communications specialist at CPABC. Part of our Coffee Chats with CPABC podcast series. Take your accounting practice to the next level with the right technology.