CRA News Release: CRA succeeds in reducing the Paperwork Burden for Businesses

According to a news release available on the Canada Revenue Agency web site, the CRA is making it easier on business by reducing paperwork burden on busineses.

In 2007, the Government announced the 20 percent Paperwork Burden Reduction Initiative as part of a coordinated plan across the federal government. Through this initiative, the CRA has identified over 8,000 obsolete or non-essential information obligations imposed on business. The elimination of these obligations, when implemented, will reduce the paperwork burden on business by 24.2 percent.

The CRA has committed to making it easier to do business by reducing the frequency of tax remittance and filing requirements and by allowing Ontario corporate taxpayers to file harmonized federal and provincial corporation tax returns. As part of this continued commitment, CRA introduced My Business Account to allow business owners secure and convenient online access to their accounts, and developed indicators to measure the small business compliance burden.

Through its own burden reduction measures and in support of the Paper Burden Reduction Initiative, the CRA continues to liaise with key stakeholders to continue to find innovative ways of making complying with Income‑ and Excise‑related legislation easier for businesses.

For more information on this news release, please see:
http://www.cra-arc.gc.ca/nwsrm/rlss/2009/m03/nr090331-eng.html