Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums CRA Old account number vs New account number
Thread Options
#2122643 - 03/20/17 03:25 PM Old account number vs New account number
peony Offline
Gold Star
peony
Joined: Mar 2013
Posts: 250
We have an account that is being closed due to fraudulent activities and we are transferring to an new account, it's business purpose and we know it's CRA reportable. Do we report CRA for the new account even though it is not exactly new?

Thanks.

Return to Top
CRA
#2122654 - 03/20/17 03:42 PM Re: Old account number vs New account number peony
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,396
Galveston, TX
Internal accounting procedures do not determine whether or not there is a new or renewed account.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  CRAatBOK, Kathleen O. Blanchard, Princess Romeo