Good news for Canadian accountants! The Canada Revenue Agency (CRA) recently announced several COVID-19 tax flexibility measures.
One of the most important is that electronic signatures for T183 and T183Corp forms will be considered valid, effective immediately starting from March 18, 2020.
Effective immediately, the CRA will recognize electronic signatures as having met the signature requirements of the Income Tax Act. This temporary measure will reduce the necessity for taxpayers and tax preparers to meet in person and will reduce administrative burden during this difficult time.
Until now, Canadian taxpayers had to pay an in-person visit to their accountant to sign forms in person before their tax return was submitted. The CRA has now approved the use of e-signatures for T183 & T183Corp – this is a big step forward in improving business operations for practitioners. There are many updates that concern taxpayers (deferred filing dates, deferred tax payments, elimination of penalties, amongst others) but this is a major benefit to accountants all over Canada and those who service the Canadian market from abroad.
With TaxDome’s Client Portal & Mobile App, your clients can receive a fully paperless tax filing experience. If you have not utilized electronic signatures in the past, an integrated solution like TaxDome provides ease of use for both your team & your clients. The ability to offer your clients a user-friendly way of e-signing their tax forms ensures a great experience & reflects well on your brand. And best of all, unlike standalone platforms which charge by the pixel of digital ink, unlimited E-signatures are included with every TaxDome subscription - there are no additional fees.
Change is hard. However, Canadians have more time to accept new changes because the filing deadline for 2019 individual income tax returns is deferred until June 1, 2020. To make your clients feel supported, don’t forget to stay in touch with them by conducting meetings over the phone or through video conferencing services. For additional tools on how to conduct work remotely, please see How to Stay “Business as Usual” During Unusual Times: Tools for Accountants for Working Remotely