Dear Muia Community,
We hope this message finds you well. Today, we want to bring your attention to an upcoming change in the Ontario Business Registry (OBR) system that will be effective from January 24, 2024. This change pertains to the sharing of Officer information with the Canada Revenue Agency (CRA).
What’s Changing?
Starting January 24, 2024, the OBR system will no longer automatically share a corporation’s Officer information with the Canada Revenue Agency (CRA). This means that Officer information provided in Corporations Information Act (CIA) filings/services will not be electronically ported over to CRA’s system.
Impact on Officer Information Already Shared with CRA
If Officer information was added to CRA’s system before January 24, 2024, it will remain in their system unless intentionally removed. It’s essential to note that the CRA does not require Officer information, and this change does not necessitate any further action from our clients.
Adding Officers to a Corporation’s CRA Account
Clients who wish to add an individual as an Officer to a corporation’s CRA account can reach out to CRA directly. They can inquire about the process of becoming an authorized representative or contact the following numbers:
Business Inquiries: 1-800-959-5525
Charities Directorate: 1-800-267-2384
Continuation of Director Information
While Officer information sharing is undergoing changes, the OBR will continue to share Director information with the CRA for corporation registrations and CIA filings/services. This adjustment aims to better align Director information recorded in the OBR system with what is present in the CRA’s system, preventing the sharing of duplicate information for different roles.
We appreciate your attention to this matter, and we want to assure you that these changes are part of ongoing efforts to streamline processes and better serve our community.
If you have any questions or concerns regarding this update, please feel free to contact us!
Thank you for your understanding and continued support.