Why Payroll Services Matters
Employers must remit CPP, EI, and income tax deductions to the CRA, generally by the 15th of the month following the pay period, though the exact schedule depends on remitter type. T4 slips summarizing each employee’s pay and deductions for the year must be issued to employees and filed with the CRA by the last day of February. Late or missed payroll remittances carry CRA penalties starting at 3% of the amount due and increasing with repeated failures.

