As an employer you have to deduct employment insurance (EI), Canada Pension
Plan (CPP)/Quebec Pension Plan (QPP) contributions, federal tax, provincial
tax, Provincial Parental Insurance (PPIP)/Quebec Parental Insurance Plan (QPIP)
premiums from employees' gross pay, where applicable. Employers then send these
deductions to the CRA.
As an employer if you have to pay wages
or salary to even a single employee you must have to pay payroll remittance to Canada revenue
Payroll Remittance Schedule
Large corporations or organizations have to pay monthly payroll remittance but
small corporations can pay even on quarterly basis but for that you must notify
CRA and then they will confirm you whether you qualify for it or not.
Deduct per Period
You may choose to deduct
remittance deductions per period. This has the benefit of smaller deductions
per period, instead of a larger single deduction for the entire month.
Deductions per period are kept with SimplePay, and then remitted together end
Deduct per Month
Where a company has multiple pay
periods, deductions per month option is also provided. When the last pay period
of all pay period types is closed, remittance amount is deducted, and made
available for transfer to CRA.
Electronic Payroll Remittance in SimplePay
Payroll remittance is calculated by SimplePay and related forms are made
available for printing. You can download and print them for submission to CRA.
Your company's remittance amount will be deducted automatically from your
account as per option you have selected i.e. Deduct per period or Deduct once
in a remittance period. SimplePay
will submit your Remittance on your behalf to CRA and remittance details will
be sent to you through email. Your company's remittance schedule is saved with
SimplePay on sign up.
Deadline for Payroll
For Regular Remittance:
If you qualify for the regular
remittance then you must have to pay your payroll remittance to CRA on or
before the 15th day of month.
For Quarterly Remittance:
If you qualify for the regular remittance then you must have to
pay your payroll remittance to CRA on or before the 15th day of month
immediately following the end of each quarter that means due date will be
: January - March (due date: 15 April)
: April - June (due date: 15 July)
: July - September (due date: 15 October)
October - December
(due date: 15 January of next year)
Note: If remittance due date is on any public holiday or on Saturday / Sunday
then remittance due date will be next working day.
For more information