Payment on Filing

Payment on Filing will take effect as of January 2020 for the 2019 reporting year.

What is PoF?

This new policy will allow eligible employers to remit a reconciliation payment by the last day of February without being subject to a penalty or interest. This policy has a new eligibility criteria and new remittance voucher.

Eligibility criteria

Employers are eligible to use PoF if they meet all 3 of the following requirements:

If the reconciliation payment is less than 1% of their total annual remittances.
They have perfect payroll compliance:
- No late or outstanding remittances;
- No assessments in the year they are filing; and
- All T4 information filed on or before the due date.
They must have one or more of the following circumstances:
- Have employees who are paid stock-based salaries or wages.
- 3^rd party information they rely on for insurance, health benefits, broker information, taxable benefits and/or automobile fleet mileage.
- Employees who live in other tax jurisdictions.

Submit a PoF reconciliation payment

You can make your payments through the following methods:

My Business Account (MyBA): Use pre-authorized debit and select “Payment on Filing”.
My Payment: Select “Payment on Filing”.
By cheque: Attach a cheque to your T4 summary and mail it to us. The CRA will honor the date the mail is received by CRA and not the postmarked date by Canada Post.
Pay at a financial institution or Canada Post outlet: Contact the Business Enquiries at 1-800-959-5525 to request a PD7R. Please note that the PD7R will take 7-10 days to arrive by mail.