Canada Revenue Agency (CRA) Formerly known as "Revenue Canada", this is Canada's federal agency responsible for income tax and trade regulations. Investopedia Says: This is the Canadian equivalent of the IRS in the United States. The CRA made the leap from a department to an agency in 1999. Related Terms: Canada Pension Plan - CPP Canadian Income Trust Capital Cost Allowance - CCA Halloween Massacre Income Tax Internal Revenue Service - IRS Registered Retirement Savings Plan - RRSP |