Actions on Red Tape Priorities for Small Businesses

by in Canadian Government News and Updates

A number of improvements to services offered by the CRA were announced based on consultations with small businesses and their tax professionals. Cutting red tape for small and medium-sized businesses is one of the Harper Government`s major goals as it will mean saving money for these businesses as well as stimulating job creation and growth.


“Our Government is listening to Canada’s small business community and we have already taken real steps to cut red tape so that small businesses across the country can continue to grow and create jobs,” said Minister Shea. “Improved technology put in place by our Government has made it much easier for small businesses to manage their taxes and we are committed to continuing that progress. With this latest suite of improvements, business owners and their tax professionals will have greater access to the online services they are asking for,” according to a recent statement by the CRA.


After the consultations, the CRA is making changes to improve their services for businesses. These include:

  • Allow businesses to submit payroll enquiries through the My Business Account enquiries service;
  • Allow businesses to update business banking and direct deposit information online;
  • Improve access to My Business Account by reducing the processing time for a Business Consent Form from 14 days to only 5 days; and
  • Increase outreach to businesses to ensure they are aware of less burdensome filing frequency options (for example, filing quarterly rather than monthly).

The CRA met with over 140 small business owners, accountants and bookkeepers for their feedback on five themes including reporting obligations and online services.


Launched in October 2012, the Harper Government’s Red Tape Reduction Action Plan introduced systemic reforms to the federal regulatory system to limit regulatory burden and make it more transparent, accountable, and predictable. The plans include 90 changes to eliminate unnecessary paperwork and introduce time-saving measures.

Source: CRA website,

Rate this blog entry:
KD PROFESSIONAL is a group of interconnected companies offering a wide range of financial, accounting and tax services to individuals and businesses across Canada. Through our experienced staff and strategic alliances, we provide exemplary service and solutions to maximize your cash flow, while preserving Wealth.


  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Sunday, 20 May 2018

If you have a question about one of our products or services, please do not hesitate to contact us!
Please Enter Your Name
Please Enter A Valid Email
Please Enter Your Phone Number
Please select your preferred method of contact.
Refresh Please letters shown!

KD Professional Services
Monday-Friday 9am- 5pm
102, 221 18th Street SE
Calgary, AB, T2E 6J5


Read our Tweets