Businesses – Tax information newsletter, Edition 2022-02
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Businesses – Tax information newsletter, Edition 2022-02
February 28, 2023
What’s new with the Confirm My Representative service for business owners
With the Confirm My Representative service, businesses now have to sign in to My Business Account to confirm or deny pending authorization requests submitted through Represent a Client or EFILE. If no action is taken by the business owner or their delegated authority within a 10-day period, the request will be canceled.
As of February 2023, sole proprietors who meet certain conditions and have the same representative for their business and personal taxes may not need to register for My Business Account and use the Confirm my Representative service. When certain conditions are met, new authorization requests submitted electronically by their representative will be approved automatically.
The CRA is aware that some business clients are not able to register for My Business Account to confirm an authorization request. In this situation, once the representative has submitted an authorization request, the business owner may contact the CRA at 1-800-959-5525 for more information and assistance.
To learn more about this service, please go to Confirm my representative’s authorization request.
Find webinars for business in the CRA Business Video Gallery
Businesses have unique needs. Understanding your tax obligations and the different requirements you may face when making changes to your business is important. Access webinars and transcripts from the CRA Business Video Gallery to help you manage your business’s tax affairs.
The CRA is pleased to announce it will be hosting the following webinar on March 29, 2023:
- GST/HST Filing responsibilities for businesses
Webinar details and registration information will be posted on the CRA’s social media accounts and on the CRA’s Upcoming events webpage.
Does the new Underused Housing Tax affect your business? Here’s what you need to know
Canada has a new 1% annual Underused Housing Tax on the ownership of vacant or underused residential housing in Canada. The tax usually applies to non-resident, non-Canadian owners of residential property, but in some situations, it also applies to Canadian individuals and corporations. If your corporation is an “affected owner” of residential property in Canada, you must file a return for the Underused Housing Tax by April 30, 2023, for each property you owned on December 31, 2022. To determine if the Underused Housing Tax applies to you or your business, please visit Canada.ca/cra-uht
Unlock your business's full potential with the Black Entrepreneurship Program
The Black Entrepreneurship Program provides a wide variety of support services, training opportunities, as well as access to capital and funding. Through the program’s Loan Fund, Black business owners and entrepreneurs in Canada can access up to $250,000 in funding to grow their business. Delivered in partnership with the Federation of African Canadian Economics (FACE), the fund lays the foundation for future success and long-term change.
Don't let funding stand in the way of your business dreams – we are here to help!
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- Date modified:
- 2023-02-28