Are you a business owner registered with GST and received a GST compliance letter from the CRA?

Are you a business owner & registered with GST? Have you received a GST compliance letter from the CRA? The CRA sent out 250 letters in December, 250 letters will go out in February, another 2500 will go out each in May & August!

Recipients of these letters are/ will being asked to review previously submitted GST returns with possibly or suspected errors. You will need to confirm whether the amounts reported are correct or need to be changed.

The CRA’s campaign is to support their increased emphasis on educating individuals & small businesses to understand better their tax obligation and to encourage them to correct errors made on their past GST returns. The CRA feels that a better understanding of your tax obligations will help and serve in promoting better compliance going forward.

See link for more information: http://www.cra-arc.gc.ca/…/bsnss/gsthst-tpstc…/djst-eng.html