Plain meaning
CRA publications explaining the agency's interpretation of income-tax law on specific topics.
Also called
income tax folio
CRA folios
Key points
- Folios explain CRA views but do not have the same force as legislation or binding court decisions.
- They often replace older interpretation bulletins or consolidate CRA positions.
- Taxpayers and advisers use folios to understand how the CRA may administer a rule.
- A folio should be read with the Income Tax Act, regulations, cases, and current CRA updates.
Why it comes up
Folios are useful for understanding CRA administrative positions, although the statute and courts remain authoritative.