What is a payroll account
A payroll account is an account number assigned to either an employer, a trustee or a payer of other amounts related to employment to identify themselves when dealing with the Canada Revenue Agency.
This 15-character payroll account number contains the nine-digit business number (BN). The BN is a unique federal government numbering system that identifies your business and the various accounts you maintain. The payroll account number consists of:
- Nine-digit BN
- Two-letter code for the type of program (for a payroll program, the letters are "RP")
- Four-digit reference number to identify each account in a program a business may have
Depending on the type of business you have, you may need to register other types of programs accounts or open a separate payroll account. The nine-digit business number will not change, but other letters or reference numbers will be added to the BN.
A company requires a GST/HST, an import/export and two payroll accounts. The account numbers would be:
|Account type||Account number|
|Business number (BN)||12345 6789|
|GST/HST account||12345 6789 RT 0001|
|Import/export account||12345 6789 RM 0001|
|Payroll account 1||12345 6789 RP 0001|
|Payroll account 2||12345 6789 RP 0002|
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