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CRA Resuming Activities Suspended Through COVID-19 [Update]

CRA Resuming Activities Suspended Through COVID-19 [Update]

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CRA Resuming Activities Previously  Suspended to Support Canadians Through COVID-19

Source: Canada.ca
Date: November 2, 2020

The Government temporarily suspended some programs and services, including many collection and compliance activities, to support Canadians through the COVID-19 pandemic.

In a commitment to resuming business activities, some of the CRA’s programs and services will return as of September 2020.

As a result, you may receive a call or letter from us, with a specific call to action.

Programs that are returning

November 2020

Starting in November 2020, the CRA is resuming audit activities such as:

  • all small business audits, specifically related to income tax and GST/HST, as well as GST/HST desk audits.
  • registered plans, including employee pension plans, retirement savings plans, retirement income funds, deferred profit sharing plans, supplementary unemployment benefit plans, education savings plans, disability savings plans, tax-free savings accounts, registered investments and pooled pension plans.

What this means for you

  • Small business enterprises and individual holders may receive a letter to inform and educate them on common areas of non-compliance.
  • Plan providers may receive a letter to educate them on common areas of non-compliance.
  • Errors found may not result in a re-assessment, but rather in an information review with the business, and be revisited for correction in future years. Others may result in a re-assessment.

Click here to visit CRA’s page on returning programs: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-business-resumption.html?utm_source=txtp&utm_medium=eml&utm_campaign=bsnsrsmptnctvs