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canada revenue agency

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Financial Dictionary

Canada Revenue Agency - CRA

Formerly known as "Revenue Canada", this is Canada's federal agency responsible for income tax and trade regulations.

Investopedia Commentary

This is the Canadian equivalent of the IRS in the United States. The CRA made the leap from a department to an agency in 1999.

Related Links

Registered Retirement Savings Plans

See also: Canada Pension Plan - CPP, Capital Cost Allowance - CCA, Income Tax, Internal Revenue Service - IRS, Registered Retirement Savings Plan - RRSP

Also spelled: CAR, RC, RCA, CCRACRA

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