Under Canada’s Business Accounts program, business owner will be capable of paying online taxes for the first time through the platform from October. From October 2014, it will also be feasible for taxpayers to find a way in detailed payment history for all their accounts. The CRA has initiated services for allowing corporations to file amended Income Tax Returns (T2) by using commercial tax preparation software, and allow taxpayer representatives to submit an authorization request in favor of the businesses they stand for. Proposals for revising remittance thresholds for employer source deductions, wished for reducing the maximum number of payments that businesses are included in the Budget 2014 and it is needed to prepare and submit to the CRA.
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