CRA boosts small business support

By Staff | May 10, 2019 | Last updated on May 10, 2019
1 min read
Young mixed race woman smiling, while standing in the door of her cafe with her arms folded proud to be the owner of a small business
© mavoimage / 123RF Stock Photo

The Canada Revenue Agency (CRA) is expanding its liaison officer service to small corporations, Minister of National Revenue Diane Lebouthillier announced Friday.

The service uses an education-based approach to help small businesses meet their tax obligations by providing them with free in-person support and guidance. Previously, only unincorporated businesses and self-employed individuals could ask for the service.

“The expansion will open the door for small corporations to book free in-person visits and group seminars with one of over 130 liaison officers across the country,” the CRA said in a release.

Since the launch of the service in 2014, more than 35,500 small businesses have benefitted from access to liaison office services, the CRA said.

This step toward improving services for small businesses is one of the CRA’s priorities identified in Budget 2019.

“With the expansion of the Liaison Officer service, the CRA will now be able to help even more small businesses comply with their tax obligations,” Lebouthillier said in a statement.

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.