Employers Responsibilities
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.
Payroll Remittance
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 agency (CRA).
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.
Deduction Methods
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 of month.
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
Manual
Payroll remittance is calculated by SimplePay and related forms are made available for printing. You can download and print them for submission to CRA.
Submitted by Simplepay
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 admin 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 remittance
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
Quarter1: January - March (due date: 15 April)
Quarter2: April - June (due date: 15 July)
Quarter3: July - September (due date: 15 October)
Quarter4: 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.