03/26/2026
The CRA has updated its guidance on third-party penalties - and it’s worth a closer look.
The revised IC01-1R2 provides greater clarity on how section 163.2 applies to tax advisors, preparers and planners, including key concepts like culpable conduct and excluded activities. We’ve summarized the key points and what they may mean in practice.
Read the full breakdown: https://ajag.ca/cras-2026-update-to-ic01-1r2-third-party-penalties-what-canadian-cpas-need-to-know-about-third-party-penalties-under-s-163-2/