Canada updates CRS XML Schema

On 25 November 2019, the Canada Revenue Agency (“CRA”) updated the International Exchange of Information on Financial Accounts Common Reporting Standard (“CRS”) XML Schema for filing returns in 2020. The recent changes contain an update on the XML specifications for Part XVIII (Link) and Part XIX (Link) information returns in 2020, related to the 2019 tax year.

 

For more information on the XML Scheme filing in Canada, one can review the Completing Part XIX Information Return slips and summary (Link), which was updated on 1 November 2019, and the XML specifications (Link).

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