Welcome!

News Feed Item

Harper Government Announces New Measures to Support Small Business Compliance

TORONTO, ONTARIO -- (Marketwired) -- 01/17/14 -- Canada Revenue Agency

The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, today announced a new three-point plan to support small and medium-sized businesses to comply with tax rules. This will help small and medium enterprises more easily meet their tax obligations, save time and money, and reduce red tape.

The new three-point plan features earlier support to businesses in their business cycle, better and earlier access to clear and comprehensive information, and, where required, focused interventions where the risks of non-compliance are highest. The plan includes:


--  The Liaison Officer Initiative: the CRA will provide in-person
    information to small and medium enterprises at key points in their
    business cycle to help them get it "right from the start;"
--  The Registration of Tax Preparers Program (RTPP): this program proposes
    to register tax preparers so the Canada Revenue Agency (CRA) can better
    identify and address common and recurring errors with them before tax
    returns are filed. The RTPP signals real benefits for both tax preparers
    and taxpayers by helping them get it "right from the start," and avoid
    costly and time-consuming interventions from the CRA after-the-fact; and
--  An enhanced focus on high risk files: the CRA will make better use of
    advanced business intelligence, specialized audit teams for specific
    sectors, and novel approaches such as letter writing campaigns, to
    supplement the CRA's traditional audit approaches.

In the coming months, the CRA will be hosting discussions on the proposed RTPP with taxpayers, tax preparers, and organizations representing tax preparers in Halifax, Montreal, Toronto, Winnipeg, Calgary and Vancouver. Stakeholders may also provide their input online or in writing. For more information on the RTPP and how to participate in the consultation, go to www.cra.gc.ca/rtpp.

Quick Facts


--  Approximately seventy percent of individuals and small businesses use
    tax preparers to file their taxes. CRA's research shows that there
    continues to be a significant incidence of errors in tax returns filed.
--  Under the proposed RTPP, the CRA would register tax preparers who are
    paid a fee for their services, so that the CRA can identify those who
    are preparing non-compliant tax returns and work with them, using a
    strategic compliance approach, to correct problems and avoid errors in
    the future before a tax return is filed.

Quotes

"Our goal with a new three-point plan is to make compliance easy for businesses that want to comply, and make non-compliance difficult for those that don't. Over the next few months, we want to hear from businesses and their representatives to better understand their needs and ensure that the RTPP achieves this goal."

The Honourable Kerry-Lynne D. Findlay, Minister of National Revenue

"Members of the Canadian Federation of Independent Business tell us that complying with CRA regulations is confusing and takes time away from running their firm. Small business owners want to comply but often lack the time and resources to navigate complex regulations. CFIB is pleased that the CRA will be helping small business owners with in-person support through the Liaison Officer Initiative."

Dan Kelly, president of the Canadian Federation of Independent Business

Related Products

RTPP landing page

Consultation paper

Q's&A's

Stay connected

To receive updates when new information is added to our website, you can:

- Follow the CRA on Twitter - @CanRevAgency.

- Subscribe to a CRA electronic mailing list.

- Add our RSS feeds to your feed reader.

- You can also watch our tax-related videos on YouTube.

Contacts:
Julie Carmichael
Director of Communications
Office of the Minister of National Revenue
613-995-2960

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
The competitive landscape of the global cloud computing market in the healthcare industry is crowded due to the presence of a large number of players. The large number of participants has led to the fragmented nature of the market. Some of the major players operating in the global cloud computing market in the healthcare industry are Cisco Systems Inc., Carestream Health Inc., Carecloud Corp., AGFA Healthcare, IBM Corp., Cleardata Networks, Merge Healthcare Inc., Microsoft Corp., Intel Corp., an...