Minister Findlay Highlights Government of Canada Collaboration with Business and Payroll Administrators
Minister Findlay promotes Economic Action Plan 2015 measures during keynote address at the Canadian Payroll Association's 33rd Annual Conference and Trade Show
(firmenpresse) - QUEBEC CITY, QUEBEC -- (Marketwired) -- 06/04/15 -- Canada Revenue Agency
The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue, highlighted Economic Action Plan 2015 measures to reduce red tape and support small businesses during a keynote address at the Canadian Payroll Association's (CPA) 33rd Annual Conference and Trade Show.
The CPA is also an active member of the Underground Economy Advisory Committee established by Minister Findlay in 2014. Minister Findlay announced a revised three-year to combat the underground economy in November 2014. Building on this strategy, Economic Action Plan 2015 proposes an additional $118.2 million over five years to expand the Canada Revenue Agency's (CRA) Underground Economy Specialist Teams.
The CPA is an important and longstanding partner of the Government of Canada. It serves as co-chair of the Federal Government Relations Advisory Council, which has been very successful in helping the Government cut red tape, saving tens of millions of dollars, including the increase in payroll remittance thresholds in 2014, which saves employers 800,000 transactions per year.
Minister Findlay also highlighted the increase to the Tax-Free Savings Account (TFSA) annual contribution limit, from $5,500 to $10,000 effective January 1, 2015, proposed as part of Economic Action Plan 2015. While the TFSA increase is subject to parliamentary approval, the CRA, as is its standard practice, is administering the proposed change on the basis of the Ways and Means Motion.
Quick Facts
Quotes
"Our Government recognizes that a well-functioning tax system is essential to keep Canada positioned as an attractive place to work, invest, and do business. Ongoing collaboration with organizations like the Canadian Payroll Association is key to ensuring we meet our goals to protect the integrity of the tax system, cut red tape, and keep taxes low for businesses and for all Canadians."
The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue
"Economic Action Plan 2015 introduced important investments to combat the underground economy, offshore tax evasion, and aggressive tax avoidance to ensure a level playing field for all Canadians. It also proposes further tax cuts for small business and other support measures to help businesses remain competitive, focus on growing their business, employing Canadians, and supporting our economy."
The Honourable Kerry-Lynne D. Findlay, P.C., Q.C., M.P., Minister of National Revenue
"Collaborating with the CRA, through our Federal Government Relations Advisory Council, provides a two-way forum for more efficient and effective payroll compliance for all stakeholders: employers, government and employees. We provide our authoritative regulatory knowledge to identify ways to increase employer compliance and reduce red tape. I look forward to the continued cooperation between the Canadian Payroll Association and the CRA."
Patrick Culhane, President, Canadian Payroll Association
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Rebecca Rogers
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Office of the Minister of National Revenue
613-995-2960
Philippe Brideau
Media Relations
Canada Revenue Agency
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Datum: 04.06.2015 - 16:50 Uhr
Sprache: Deutsch
News-ID 398337
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QUEBEC CITY, QUEBEC
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