Update to Self-correct misallocated payments

October 14, 2009

14 October 2009

Update to Self-correct misallocated payments

The CSCB has contacted the CRA to ask if "My Business Account" can be used to pay GST/HST, excise tax, or excise duty on imported goods that are not subject to regular customs duty.

The answer was a resounding no. This is due to the fact that there are separate avenues for payments directed to CBSA and those that are collected exclusively by the CRA.

Members should note that the CSCB continues to push for Electronic Funds Transfer (EFT) under the Business Simplification Initiative.

Canadian Economy & Politics
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Canadian News Channel
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