Do you know your federal remitting rules?

Quiz yourself with these true and false statements on the CRA’s regulations
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 02/27/2019

Payroll is a challenging job with many responsibilities. In addition to paying employees, filing year-end returns, and preparing Records of Employment, many payroll professionals are also tasked with sending the Canada Revenue Agency (CRA) their employer’s source deduction remittances.

Sending in the wrong amount or submitting payments late can result in penalties and interest charges for employers. For this reason, it is important that payroll professionals follow the CRA’s remitting rules.

This applies whether an employer sends in its own remittances or outsources the job to a payroll service provider. After all, the employer is ultimately responsible for complying with CRA rules.