CRA Business Number
Definition
A unique number the Canada Revenue Agency assigns to a business as a single identifier across its program accounts, such as GST/HST, payroll and corporate income tax.
Related Terms in International Tax
Input VAT vs Output VAT
Output VAT is the tax a business charges on its sales; input VAT is the tax it pays on purchases. A VAT return pays over output VAT less reclaimable input VAT, so only the value added is taxed.
VAT Invoice
An invoice meeting VAT rules by showing the supplier's VAT number, the rate and amount of VAT, and other prescribed details, so the customer can reclaim input VAT where eligible.
Withholding Tax (Cross-Border)
Tax withheld in the source country on cross-border payments such as dividends, interest and royalties. Double taxation treaties often reduce the rate, and relief or credit may be available in the recipient's country.
Double Taxation Avoidance Agreement (DTAA)
A treaty between two countries that prevents the same income being taxed twice, by assigning taxing rights and providing credits or exemptions. It is central to cross-border tax planning and compliance.
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