Mr. Ted Cook at the Finance Committee

On May 29th, 2014. See this statement in context.

May 29th, 2014 / 4:45 p.m.

Senior Legislative Chief, Tax Legislation Division, Tax Policy Branch, Department of Finance

Part XVIII is part of the Income Tax Act and as such it would be subject to administration by the CRA.

Under section 267, part of XVIII, financial institutions required to report under part XVIII are required to retain records so that the CRA can perform in its administration and of course its duties.

As spoken

See context to find out what was said next.