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Flashcards in opening Deck (10)
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1

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

2

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

3

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

4

what are the two accelerated remitters

threshold 1 and threshold 2

5

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

6

what is the avg month withholding amount for threshold 1

$15,000 - 49,999.99

7

what is the avg monthly withholding for threshold 2

$50,000 plus

8

How do you remit your deductions if you are threshold 2

must remit through Canadian financial institution

9

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

10

When an employee starts what are your responsibliiteis

1. get SIN
2. get them to fill out a TD1
3. Deduct CPP / EI / income tax