MIRAMICHI, NEW BRUNSWICK--(Marketwire - Aug. 1, 2012) - The Honourable Gail Shea, Minister of National Revenue, accompanied by Tilly O'Neill Gordon, Member of Parliament (MP) for Miramichi, today met with members of the local business community to promote a number of initiatives the Canada Revenue Agency (CRA) has introduced to reduce the burden placed on small businesses.
"Our Government is committed to making it easier for Canadian businesses to work with the CRA," said Minister Shea. "With the helpful input of business owners, the CRA continues to improve and expand on its convenient online services."
During the roundtable, Minister Shea 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.
"Small businesses are a driving force behind Canada's communities and its economy," said MP O'Neill Gordon. "Our Government is working to support these businesses wherever possible. The CRA's improved online services will go great lengths to reduce red tape and serve the small business community across the country."
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National Revenue Minister Gail Shea, accompanied by Tilly O'Neill Gordon, Member of Parliament for Miramichi today met with members of the Miramichi Chamber of Commerce to promote the steps the Harper Government has taken to improve its services and reduce the burden places 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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