Form RC7259 Business Consent for Certain Selected Listed Financial Institutions - Canada

Form RC7259, Business Consent for Certain Selected Listed Financial Institutions, is used in Canada to authorize selected listed financial institutions to provide information relating to your business to the Canada Revenue Agency (CRA). This form allows the CRA to collect information on your business activities from these institutions for tax administration purposes.

The Form RC7259 Business Consent for Certain Selected Listed Financial Institutions is filed by the business itself in Canada.

FAQ

Q: What is RC7259 form?
A: RC7259 form is the Business Consent for Certain Selected Listed Financial Institutions form in Canada.

Q: Who needs to fill out RC7259 form?
A: The RC7259 form needs to be filled out by businesses dealing with certain selected listed financial institutions in Canada.

Q: What is the purpose of RC7259 form?
A: The purpose of the RC7259 form is to provide consent to certain selected listed financial institutions to ask for financial information from a business.

Q: Which financial institutions require RC7259 form?
A: Certain selected listed financial institutions in Canada may require the RC7259 form.

Q: Can I refuse to provide consent by not filling out RC7259 form?
A: Yes, you can refuse to provide consent by not filling out the RC7259 form. However, this may affect your business's dealings with the selected listed financial institutions.

Q: Is RC7259 form mandatory?
A: Filling out the RC7259 form is not mandatory, but certain selected listed financial institutions may require it for their business dealings.