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Which source deductions do you have to remit to the CRA?

After paying remuneration, such as wages and salary, or giving a taxable benefit to certain recipients, you have to take source of deductions from that amount. It is mandatory to remit these deductions to the CRA. According to Canada Revenue Agency, the source deductions that you must remit may be any combination of:

  • Canada Pension Plan (CPP) Contributions
  • Employment Insurance (EI) Premiums
  • Federal, Provincial, or Territorial Income tax

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Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.

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Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.