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The Great Canadian Guide to Small Business Payroll

Free Payroll eBooks for Small Business Owners and Startup Founders in the United States & Canada

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16 | www.wagepoint.com MONTHLY NEW REMITTER You are a new remitter if you are a new employer or have never made remittance payments before. As a new remitter, your payments are due the 15th day of the month following the one in which you made the deductions. Note: As of 2016, small businesses may qualify as quarterly remitters. REGULAR REMITTER ACCELERATED REMITTER QUARTERLY REMITTER You are considered a regular remitter (non-accelerated remitter) if you are a new employer with less than two year's of AMWA history or have a two-year AMWA of less than $25,000. Remittances / payments for regular remitters are due the 15th day of the month following the one in which you made the deductions. There are two categories of accelerated remitters. Threshold 1 — Employers with two-year AMWA of $25,000 – $99,999.99. Threshold 2 — Employers with a two-year AMWA greater than $100,000. Accelerated remitters have to follow a different remittance schedule from the other three types. See below for details. Small businesses may qualify as quarterly remitters if they have an AMWA of less than $3,000 in the previous two years and also have a perfect compliance history with the CRA. Remittances / payments for quarterly remitters are due on or before April 15, July 15, October 15, and January 15 for payrolls processed in the previous quarters. Quarterly remitters are subject to annual reviews by the CRA in order to retain this status. If your status is changed, you will be notified by mail. Accelerated Remitters Due Dates Remittances/payments for Threshold 1 remitters are due the 25th day of the same month for payroll processed in the first 15 days of the month. For payroll processed after the 16th day of the month, remittances/payments are due by the 10th day of the following month.

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