NANAIMO, BRITISH COLUMBIA--(Marketwire - July 25, 2012) - The Parliamentary Secretary to the Minister of National Revenue, Cathy McLeod, accompanied by James Lunney, Member of Parliament (MP) for Nanaimo-Alberni, today met with members of the local business community to discuss a number of initiatives the Harper Government has introduced to reduce the burden placed on small businesses.
"Our government is excited to serve businesses across the country by offering fast, easy, and secure online services. These efforts will build on our other changes to support job creators, such as renewing the Hiring Credit for Small Business," said Parliamentary Secretary McLeod. "Consulting with Canadian businesses is one important way that the CRA works to recognize and develop services to meet the needs of Canadian entrepreneurs."
During the roundtable, Parliamentary Secretary McLeod highlighted several measures that the government has introduced recently to help reduce the burden on small businesses:
-- Economic Action Plan 2012 extended the Hiring Credit for Small Business, which helps offset the cost of hiring new employees and will be automatically applied when a qualifying business files its 2012 T4 information return. The CRA will calculate it for you, no added burden.
-- The new My Business Account Enquiries Service provides businesses, or their representative, with a secure online portal to ask the CRA tax-related questions specific to their account. Businesses then receive answers they can rely on online and in writing, in the Message Centre.
-- Since January 2012, businesses can file up to fifty information returns in a single submission using the CRA's Web Forms application - fast, easy, and secure.
-- To serve Canadian business owners better, the CRA recently created a one-stop shop Web page where businesses can find information and service options that may apply to their situation. Visit it at www.cra.gc.ca/businessonline.
-- The CRA also changed the penalty structure that is applied for failure to file an information return by the due date for some small businesses. The new administrative structure, which applies to specific information returns, has lowered the penalties for businesses who file fewer than 11 slips. For example, those filing one to five qualifying returns will have a maximum penalty of $100 under the new structure, as opposed to $1,000 previously.
"All across the country, entrepreneurs are concerned about the economy, and our government is listening," said MP Lunney. "Reducing red tape for businesses is one important way that we are putting the economy first and supporting small businesses."
FOR BROADCAST USE:
The Parliamentary Secretary to the Minister of National Revenue, Cathy McLeod, accompanied by James Lunney, Member of Parliament for Nanaimo-Alberni, today visited the Greater Nanaimo Chamber of Commerce to promote the steps the Harper Government has taken to improve its services and reduce the burden on small businesses. The CRA has introduced a variety of fast, easy and secure resources available to support businesses when they interact with the CRA.
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