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| Manufacturers and importers are obliged to submit reports
to CPCC along with royalty payments. The purpose of the reports
is to permit CPCC to confirm the accuracy and basis of payment.
The exact scope and nature of the information reported is defined
by the Copyright Board in its decisions and captured in a reporting
form issued by CPCC. For a copy of the current form, please
click here. Manufacturers
and importers are also obliged to maintain more detailed records
that permit CPCC to substantiate accuracy through an audit.
These records must be retained for 6 years. |
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| Manufacturers and importers are obliged to adhere to an accounting
schedule set by the Copyright Board in the private copying tariff.
According to the tariff, the year is divided into a series of
two-month periods, beginning with January-February. Manufacturers
and importers that paid less than $2,000 in the immediately
preceding January to June or July to December period may opt
for less frequent, twice yearly reporting. In all cases, reports
and payments fall due no later than the last day of the month
after the end of a period, after which payments are subject
to interest. |
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| CPCC has the right to conduct an on-site audit to confirm
the accuracy of a manufacturer's or importer's reports and payments.
Audits may be conducted at any time during normal business hours
on reasonable notice. Manufacturers and importers become liable
for audit costs where an audit reveals an underpayment of more
than 10 per cent for any one accounting period. |
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