opening Flashcards
what is the due date for a new or regular remitter
on or before the 15th day of the month after the month you made them
what is the due date for a quarterly remitter
on or before the 15th day of the month immediately following the end of each quarter
what are the quarters / due dates for quarterly remitter
Jan - March - due apr 15
April - June - due July 15
July - sept - Due oct 15
Oct - Dec - due Jan 15
what are the two accelerated remitters
threshold 1 and threshold 2
what are the threshold one due dates?
for remunueration paid before the 16 th of the month - due by the 25th of the same month
remuneration paid after the 15th - end of month - due 10th of the following month
what is the avg month withholding amount for threshold 1
$15,000 - 49,999.99
what is the avg monthly withholding for threshold 2
$50,000 plus
How do you remit your deductions if you are threshold 2
must remit through Canadian financial institution
what are the due dates for threshold 2
1st - 7 - due 3 rd working day
8th - 14 - due 3rd working day
15th - 21 - due 3rd working day
22 - last - due 3rd working day after
- but its really the second not 3rd
When an employee starts what are your responsibliiteis
- get SIN
- get them to fill out a TD1
- Deduct CPP / EI / income tax
