What is Canada Revenue Agency (CRA)?

The Canada Revenue Agency, often referred to as CRA, is the federal agency responsible for administering tax laws in Canada. Its primary role is to ensure that individuals and businesses comply with tax obligations, while also overseeing various social benefit programs. The CRA collects personal income tax, corporate tax, goods and services tax, and harmonized sales tax, among other forms of revenue. In addition to tax collection, the agency also provides services to assist taxpayers, such as information on deductions, credits, and tax filing procedures. The CRA conducts audits to verify compliance and administers programs to support individuals and families, such as the Canada Child Benefit and the Goods and Services Tax Credit. For those seeking more detailed information on the CRA's services and offerings, visiting the official website at canada.ca/en/revenue-agency.html would be quite beneficial.