Remitting Requirements
1. How do I change my remitting frequency?
Under the Income Tax Act, employers have the option of changing their remitting frequency based on their average monthly withholding amount in the previous year. If you want to use this option, contact any tax services office or tax centre.
We will review your account and let you know in writing when we have to receive your deductions.
2. What happens if I don't make a payment or I make my payment past the due date?
We can assess a penalty of 10% to 20% of:
- the amount you fail to remit when you withhold deductions but do not remit them; or
- the amount we received past the due date.
Example
A remittance that was due on January 15 of the current year (for deductions made in December of the previous year) is considered late when paid after January 15.
Normally, we only apply this penalty to the part of the amount you failed to remit that is more than $500. However, we may apply the penalty to the total amount if the failure to remit or late remittance was made knowingly or under circumstances of gross negligence.
To find out what your due date is, see Remitter types and due dates.
3. How can I get additional remittance vouchers?
Contact your tax centre or tax services office, or call 1-800-959-5525.