Filling out a PD7A Flashcards

1
Q

What is on the top part of the PD7A?

A

1) the date of your statement of account
2) your account number
3) your business number
4) balances on your last statement (amounts paid, amounts owing)
5) current balances
6) an explanation of any changes

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is on the bottom part of the PD7A?

A

1) your name, address and account number
2) gross payroll for the remitting period (rounded to nearest dollar)
3) number of employees
4) the end of the remitting period for which deductions were held
5) the amount paid

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

describe the gross payroll for the remitting period

A

all remuneration that you pay before you make any deductions (such as income tax)
includes regular wages, commissions, overtime pay, paid leave, taxable benefits and allowances, piece work payments, and special payments
- this is the same amount that would appear in box 14 of t4

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

what is the end of the remitting period

A

the end of the period for which deductions were withheld

enter the month and year for which you are remitting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What is the amount paid for

A

this is the total CPP and EI (both employer and employee portion) and income tax you are remitting

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

what is the back of the PD7A for

A

use this part I fyou will not be making a remittance during the month or quarter

How well did you know this?
1
Not at all
2
3
4
5
Perfectly