My Business Account - What's new
Pensionable and insurable earnings review (PIER)
A new link called “PIER Overview” has been added in My Business Account. It shows an overview of PIER cases, a summary of discrepancies and a list of employees included in the PIER. Employers will be able to reply electronically to the CRA.
Form RC59, Business Consent, is no longer used to grant online access. Representatives need to complete an authorization request in Represent a Client or be authorized by owners through My Business Account to gain online access. Form RC59 still grants offline access.
View return details
The 'View return status' page on My Business Account Welcome page has been renamed 'View return details' in the Payroll (RP), Information Returns (RZ), TFSA (RZ), and Contract payments (RZ) program account sections. The page now:
- displays detailed summary data information
- displays slip information details for each processed return
- allows the user to select a return and individual slips to amend in Web Forms
- allows the user to request a downloadable version of a return or slips – Recreate a Return as Filed
Users can drill down to details on slips that were filed with the CRA and make changes to specific fields.
View return status
The 'View return status' page has also changed for RC accounts. The name remains the same but the service has improved to offer T2 Return displays. The page now shows each assessment/reassessment that was filed (Received status) or filed/finalized (Assessed/Reassessed status).
Capital Dividend Account (CDA)
The CRA is posting CDA balances on My Business Account for corporations who have asked for balance verification request confirmations, or have submitted T2054s in the past. The CDA balances are being phased in, with accounts being updated on an ongoing basis.
The CDA balance information being posted includes the totals of the components that make up this balance, such as non-deductible capital losses, non-taxable capital gains, etc. Only balances verified by the CRA will be posted.
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