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