Canada Revenue Agency

Canada Revenue Agency

July 26, 2012 14:38 ET

The Harper Government: Working for Small Businesses

VICTORIA, BRITISH COLUMBIA--(Marketwire - July 26, 2012) - The Parliamentary Secretary to the Minister of National Revenue, Cathy McLeod, 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. She was accompanied by representatives from both the Certified General Accountants Association of British Columbia (CGA-BC) and the Certified General Accountants Association of Canada (CGA-Canada).

"Our Government has made it a priority to understand and meet the needs of businesses across the country," said Parliamentary Secretary McLeod. "Maintaining a dialogue with Canadian businesses helps us to see exactly how our online services are benefitting entrepreneurs and will allow us to make continued progress in reducing red tape."

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 Canada Revenue Agency (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.

"We are committed to working with the Government of Canada to take meaningful action and implement permanent solutions for Canada's small businesses," says Anthony Ariganello, FCGA, President and CEO of CGA-Canada. "We are pleased that political leaders are interested in discussing matters relating to red tape reduction and taxation with our members and we look forward to continuing these discussions."

FOR BROADCAST USE:

The Parliamentary Secretary to the Minister of National Revenue, Cathy McLeod, accompanied by representatives from both the Certified General Accountants Association of British Columbia (CGA-BC) and the Certified General Accountants Association of Canada (CGA-Canada), today visited Victoria 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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Contact Information

  • Clarke Olsen
    Acting Director of Communications
    Office of the Minister of National Revenue
    613-995-2960

    Noel Carisse
    Canada Revenue Agency
    Media Relations
    613-952-9184