This form is a special power of attorney. The form provides that the agent of the principal is only authorized to use the principal's funds for the best interest of the principal. The principal also authorizes the agent to receive reimbursement for reasonable amounts, travel costs, lodging, meals, attorney or accountant fees.
The Power of Attorney Form for the Canada Revenue Agency (CRA) is a crucial legal document that enables taxpayers to appoint another individual or representative (known as the attorney) to act on their behalf in tax-related matters. This form grants the attorney the authority to handle various tax-related issues, including filing and signing tax returns, responding to CRA inquiries, accessing taxpayer information, resolving disputes, and representing the taxpayer in communications with the CRA. When completing the Power of Attorney Form for CRA, it is essential to provide accurate information and adhere to the CRA's guidelines. The form requires the taxpayer's detailed personal information, including their name, address, social insurance number, and tax year(s) involved. In addition, the attorney's name, address, contact information, and relationship to the taxpayer must be provided. It is important to note that the CRA recognizes different types of Power of Attorney forms tailored to specific purposes. Some common types of Power of Attorney forms for the CRA include: 1. General Power of Attorney: This form grants the attorney broad authority to act on behalf of the taxpayer in all tax matters, allowing them to manage finances, handle tax audits, and communicate with the CRA. 2. Specific or Limited Power of Attorney: This type of form provides limited authority to the attorney, specifying the particular tax-related tasks they can undertake on behalf of the taxpayer. It might be used when the taxpayer needs assistance with a specific tax issue but does not want to grant unrestricted access to all tax matters. 3. Revocation of Power of Attorney: This form is used when a taxpayer wants to terminate or revoke the power of attorney previously granted to an attorney. It is crucial to inform the CRA promptly after revoking the power to ensure smooth communication and avoid any complications. When completing any Power of Attorney form for the CRA, individuals should carefully read the instructions, ensure all required details are provided accurately, and ensure the form is signed and dated accordingly. It is also recommended retaining a copy of the completed form and any associated documents for personal records. Utilizing a Power of Attorney form for the CRA can be a practical and convenient way for taxpayers to delegate tax-related responsibilities to a trusted individual, granting them the authority to act on their behalf.
