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Substantial Penalties for Non-Compliance

January 1, 2025
Substantial Penalties for Non-Compliance

Substantial Penalties for Non-Compliance

If documentation is inadequate or not prepared on time, the CRA may levy a penalty of 10% of any transfer pricing adjustment over the $5,000 threshold. Robust and timely Local and Master Files are key to avoiding penalties and establishing penalty protection.

Source:

OECD Canada TP Profile: Range & Statistics

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