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Koroll & Company Blog

CRA Resources to Help Your Business Deal With the CRA

[fa icon="calendar"] Mar 22, 2019 11:00:00 AM / by Allen Koroll

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For many Canadians, just thinking of the Canada Revenue Agency (CRA) can give them a headache. But, while the tax man isn’t everyone’s favourite person, they do play an important role in the Canadian tax system.

The CRA administers tax, benefits and related programs - all while ensuring each Canadian is compliant and receives no more or less than that which they are entitled to.

That is why the CRA offers a number of tools and resources to help business owners, like you. Koroll & Company has listed some of those here. 

Educational podcasts and how-to videos

The CRA has published several podcasts and videos covering several business and tax-related topics from payroll and taxable benefits, to understanding the small business deduction and how to avoid late filing penalties.

Both the podcasts and videos can be found on the CRA website.

My Business Account

The CRA My Business Account is an online portal for business owners where you can file, view and adjust returns, rebates, and elections as well as register an objection or appeal. You are also able to view account balances, payment history and activity.

That’s just the beginning - for a full list of what you can do on the My Business Account, visit the CRA website.

Another great feature of the CRA My Business Account portal is that it allows business owners to communicate with the CRA electronically about business accounts including GST/HST, payroll, corporate income taxes, excise tax, excise duties and more.

CRA BizApp

The CRA BizApp is a mobile web application for small business owners and sole proprietors that can be accessed through your web browser.

The BizApp allows you to make payments, view balances, submit payroll remittances, view returned mail notifications, view account transactions, and view expected GST/HST returns and the status of those returns as well as payroll and corporate income tax returns.

To log in to the app you use the same information as your My Business Account.

Liaison officer service

The CRA offers a free service to small business owners and self-employed individuals to help them better understand their tax obligations and start off on the right foot.

Through in-person visits, you can benefit from expert knowledge without being concerned about reassessments on past filings or being audited. It is simply an opportunity to ask questions, address concerns, discuss common errors and financial benchmarks, find out about tools offered through the CRA and even receive recommendations on how to strengthen your record keeping.

If you are uncomfortable with a one-on-one visit, you can also attend a seminar where you can benefit from more generalized advice and knowledge.

Represent a Client

Similar to My Business Account, Represent a Client is an online portal for managing business activity and accounts. However, unlike your My Business Account, Represent a Client allows an authorized representative, such as an accountant, to access business and personal tax information on your behalf.

This allows them to better understand your current tax position and help you make the best decision possible for your company’s unique situation.

For more information on the tools available to you or for business advice from a professional team of tax planners and accountants, contact us today.


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The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.



About Koroll & Company

At Koroll & Company we grow our firm through satisfied clients referring us as a trusted accounting firm to their friends, family members and associates. The only way we know how to achieve this is strive to exceed your expectations and provide you with exceptional service. We have 20+ years servicing Newmarket, ON and the surrounding areas, and look forward to servicing you next. So give us a call and speak to a friendly staff member from Koroll & Company today!

Topics: CRA

Allen Koroll

Written by Allen Koroll