A New GST/HST Processing System

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The following is now available on the CRA Web site:

News release

A New GST/HST Processing System

Ottawa, Ontario, May 16, 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 http://www.cra.gc.ca/atfreport.

Starting now, GST/HST registrants can use the CRA’s My Business Account http://www.cra.gc.ca/mybusinessaccount and Online Requests for Business http://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
* reviewing interest charged or paid
* transferring a credit to other accounts
* providing additional remittance vouchers for their payments
* providing account statements such as statement of arrears and/or statement of interim payments
* providing copies of previously issued notices or statements
* changing some of the communication instructions on their account

For more information on the new GST/HST processing system, visit the CRA Web site at: http://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: http://www.cra.gc.ca/tax/business/topics/gst/legislation/menu-e.html.



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