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What is Canada Revenue Surrey Bc?

The Canada Revenue Agency (CRA) is a tax administration governing agency that handles with the collection of taxes and managing with different types of Benefits and programs. It is an agency that ensures the payment of taxes by abiding the rules, laws and regulations in accordance with the Government of Canada. The agency manages the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) returns that is governed by the Excise Tax Act for the registration of the GST/HST account and forward the amount of tax collected. The business registration consists of different types of entities including the sole proprietorships and partnerships, corporations, Housing rebates, excise taxes, income taxes and other taxes, excise duties and many more. The Goods and Services Tax (GST) known as the value added tax of Canada was started in 1991 with 7% tax added to most of the goods and services that further on reduced to 6% in 2006 and then finally was reduced to 5% in 2008. The 5% value added tax on goods and services is collected in all the Canadian Provinces except Quebec. The Harmonized Sales Tax (HST) that is administered by the Canada Revenue Agency is formed into a single tax with the combination of the national GST and the provincial sales tax. The other different types of programs and benefits include Canada Pension Plan (CPP), Employment Insurance Rulings, Canada Child Tax Benefit (CCTB), Universal Child Care Benefit (UCCB), Payroll tax returns, Income Tax and many more. The services provided by The Goods and Services Tax (GST) and The Harmonized Sales Tax (HST) are available 24 hours a day and 7 days a week from Monday to Friday from 8:15 am to 5:00 pm. The CRA serves the people of Canada for their economic and social well being and also contribute towards the administration of taxes for different Canadian provinces and territories, international trade legislation under the taxation system operated by the Government of Canada. CRA provides employment to 40,000 people.

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