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ARTICLE · 01 MARCH 2017

Get Ahead Of The Curve On GST/HST Obligation Issues

Collins Barrow National Incorporated
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The CRA announced in the December issue of the "Businesses – Tax information newsletter" the kickoff of a new campaign to send GST/HST compliance letters to GST/HST registrants.

CanadaTax

The CRA announced in the December issue of the "Businesses – Tax information newsletter" the kickoff of a new campaign to send GST/HST compliance letters to GST/HST registrants. Through this campaign, the CRA hopes to assist taxpayers in gaining a better understanding of their GST/HST compliance requirements. Accordingly, the targets of this campaign are expected to be individuals and small businesses.

This pilot project will be conducted from December 2016 to August 2017, and letters will be sent out as follows:

December 2016 250 letters
February 2017 250 letters
May 2017 2,500 letters
August 2017 2,500 letters

The CRA identifies previously filed GST/HST returns that are suspected to contain errors. The recipients of the letters will be asked to review the selected GST/HST returns and confirm whether the amounts reported are correct. If not, the taxpayer will be asked to provide amended amounts to the CRA.

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