CRA informs Canadians on tax relief measures

The Canada Revenue Agency has provided a news release informing Canadians on tax relief measures.

According to the CRA, the Minister of National Revenue Gordon O'Connor assured Canadians that the CRA "is ready to support taxpayers to ensure that they understand the new tax measures passed by Parliament [Friday December 14, 2007] and are able to take full advantage of them."

"Canadians will start to see the impact of these tax cuts on January 1, 2008 because of the proactive steps being taken by the Canada Revenue Agency to implement rate reductions", said Minister O'Connor. “The CRA is taking action to ensure all businesses have the information they need to implement the rate reductions so that Canadians can start benefiting from the GST/HST tax cut on January 1, 2008."

The CRA has set up a toll-free GST/HST rate reduction line for businesses and consumers at 1-866-959-7797 (1-866-959-7798 in French), which is available from 8:15 a.m. to 8:00 p.m. (local time), Monday to Friday, across Canada.

For more information on this news release, see:
http://www.cra-arc.gc.ca/newsroom/releases/2007/dec/nr071217-e.html