Advance Pricing Agreement: filing does not halt assessments or transfer pricing audits; taxpayers must maintain records until finalization. Advance Pricing Agreement processing does not suspend assessment or transfer pricing audit actions; assessing officers and transfer pricing officers may proceed irrespective of an APA application. Filing an APA does not change their statutory duties. Taxpayers must maintain and submit all records and reports required under the Income tax Act until a modified return is lodged on APA finalization.