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May 28, 2007 The following news release was issued by the Canada
Revenue Agency on 16 May 2007. The Canada Revenue Agency (CRA) has redesigned its
internal GST/HST processing by putting a new system into operation. The
new system enables the CRA to modernize its business processes, expand
its services to businesses, and improve compliance. In addition, these improvements build on the shared
commitment between National Revenue Minister Carol Skelton and the CRA
to reduce the compliance and paperwork burden for Canada’s small
businesses as outlined in the recent report from the Action Task Force
on Small Business Issues www.cra.gc.ca/atfreport. Starting now, GST/HST registrants can use the CRA’s
My Business Account www.cra.gc.ca/mybusinessaccount and Online Requests
for Business www.cra.gc.ca/requests-business to electronically ask the
CRA to perform certain actions on their account, such as: • searching for the status of a payment For more information on the new GST/HST processing
system, visit the CRA Web site at: www.cra.gc.ca/tax/business/topics/gst/redesign/menu-e.html. In addition to the new system, several legislative
changes were introduced in the 2006 Federal Budget and took effect on
April 1, 2007. These changes simplify tax compliance for businesses by
harmonizing various accounting, penalty and interest provisions of the
federal acts administered by the CRA, such as the Excise Tax Act (ETA),
the Income Tax Act (ITA), the Excise Act, 2001, and the Air Travellers
Security Charge Act (ATSCA). For more information on the legislative changes visit
the CRA Web site at: www.cra.gc.ca/tax/business/topics/gst/legislation/menu-e.html
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