NIPAN BANSAL

CRA to expand EFT audits in 2017, PwC warns

The next two years will see an expansion of the Canada Revenue Agency’s efforts to review international funds transfers (EFTs), which means many taxpayers can expect to see an “EFT Letter” next year, according to a recent PricewaterhouseCoopers LLP (PwC) Tax Insights brief. The CRA initiative builds on efforts by the agency that since the…