LOI pilot projects are taking place from March 2014 to December 2015 in Ontario and Quebec. New pilot projects will commence in B.C., the Prairies, and Atlantic Canada in the fall of 2014.
The CRA has been, and will be, sending out participation invitations to a small group of taxpayers in these regions. The acceptance of a Liaison Officer is voluntary and could provide the following: a small business support visit; a books and records review; and compliance support arrangements. During the program, which normally consists of one 2-3 hour visit with a Liaison Officer, CRA may share information such as common errors within the business sector, industry benchmarks, possible books and records deficiencies, and available CRA resources.
For more information on the LOI, go to http://www.cra-arc.gc.ca/loi/.
Action Item: CRA may contact you to participate in the LOI program. Contact us should you have further questions on this program or are considering participating.