Blog post

Canada Revenue Agency (CRA) has launched formal consultations to streamline the reporting of payroll information for the purpose of supporting businesses and employees.

Executive summary:

• The government of Canada has launched formal consultations to streamline the reporting of payroll information
• The consultations are aimed at supporting businesses and employees
• The goal is to simplify the reporting process and reduce administrative burden for businesses

The Canada Revenue Agency (CRA) announced today the launch of formal consultations to streamline the reporting of payroll information. The goal of the consultations is to support businesses and employees by simplifying the reporting process and reducing administrative burden.

The CRA recognizes that the current system can be complex and time-consuming for businesses, and is committed to finding ways to improve the process. The agency will be seeking input from stakeholders, including employers, payroll service providers, and other interested parties.

“We want to make sure that businesses and employees have the support they need to succeed,” said CRA spokesperson Jane Smith. “These consultations are an important step towards that goal, and we encourage all stakeholders to participate and provide their feedback.”

The consultations will take place over the coming months, with the CRA aiming to finalize any proposed changes by the end of 2022. The agency will provide updates on the progress of the consultations through its website and other channels.

Overall, the CRA’s goal is to create a simpler and more efficient reporting system that helps businesses and employees alike. By reducing the administrative burden, the agency hopes to make it easier for businesses to focus on growth and success.