Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at or hit reply to send us a note. Today’s Posthaste was written by Noella Ovid, with additional reporting from The Canadian Press, Thomson Reuters and Bloomberg.
MY BUSINESS ACCOUNT CRA HOW TO
But lest you panic, tax expert Jamie Golombek has a guide on how to file on time despite the strike, and what to expect in terms of CRA’s processing time and reduced services. The decision to strike by the Public Service Alliance of Canada – Union of Taxation Employees (PSAC-UTE) involving some 39,000 Canada Revenue Agency employees could not have come at a worse time for taxpayers, millions of whom are still scrambling to complete and file their 2022 tax returns by the filing deadline. Do unconscious biases affect investment returns?.How CRA strike will affect tax returns, refunds, benefits and more Business customers use the Tax Payment & Filing Service feature available on EasyWeb for Small Business, and through TD Commercial Banking Products.Article content Recommended from Editorial This advertisement has not loaded yet, but your article continues below. The two top technology priorities directly affected employees, as 21.1 per cent of businesses facilitated remote work and 20.5 per cent invested in talent and digital skills.īusiness leaders seem to be confident in their cybersecurity (50.8 per cent) and how customer privacy is handled (53.8 per cent), but Zoho warned this confidence may be misplaced since a third of respondents don’t know their business’s process. Some have increased prices (28.2 per cent), delayed capital expenses (18.1 per cent) and even delayed hiring (10.6 per cent). Fewer also said inflation was impacting hiring offers than a year ago.Īs for interest rates, 43.1 per cent of business leaders said they have not impacted their business.īut 36.2 per cent said they have had to adjust their pricing because of interest rates. Nearly half of respondents indicated inflation continues to impact their business, but that’s down from almost 65 per cent last year. “The fact that SMB leaders are successfully navigating today’s economic, staffing, cybersecurity, and customer privacy challenges, while still remaining highly optimistic about business growth and profitability, suggests that Canada could fare well during a possible upcoming recession.” “Canadian SMBs continue to be confident about business growth, and indicate that employees are key in terms of lessons learned, business challenges, and tech priorities,” Chandrashekar Lalapet Srinivas Prasanna, managing director of Zoho Canada, said in a press release. However, 31.2 per cent are expecting zero growth and only 7.8 per cent are expecting declines.
More specifically, 38.2 per cent expect growth of one to 10 per cent, 15.4 per cent estimate growth of 10 to 20 per cent and 8.5 per cent forecast growth of above 20 per cent, the Zoho Canada SMB Outlook Report, which surveyed 1,016 Canadian business leaders in March, showed. Article contentīusiness leaders of Canadian small and medium-sized companies are optimistic about the future, with 62 per cent expecting to grow in the next six months, according to a new report by Zoho Corp.
That is why Personal Tax Advisors strongly recommends that all self-employed, freelance, and/or GST-HST registered individuals set up their access to My Business Account as soon as possible.This advertisement has not loaded yet, but your article continues below. And as CRA’s online services evolve, we are finding that dealing with CRA without access to My Business Account is getting increasingly more difficult and restricted. This can be confusing and frustrating.īut don’t give up! The setup may be tedious, but the advantages of having access to My Business Account in terms of obtaining information from or dealing with CRA with regards to your business make it well worth your while. The process is therefore more complicated than setting up an account with (say) an online retailer. With My Business Account you can open GST-HST and payroll accounts, authorize (and un-authorize) tax representatives, file returns, and request changes to your account without having to reserve half a day to be on hold with CRA or send things by mail and wait months to find out whether or not they’ve been received.īecause it is such a powerful online portal and grants access to so much sensitive information about your business, CRA has high standards of security when setting up or logging into My Business Account. To make it easier, CRA has created a video explaining how to register for My Business Account. As CRA continues on its mission to minimize paper and make more services available online, it becomes increasingly important to register for My Business Account with Canada Revenue Agency (CRA) and learn how to use it.
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