Are you using Wagepoint currently? If so, make sure you are aware of the following:
If you have intentionally stopped processing payrolls, don't forget to file a nil return with the CRA / Revenu Quebec directly for any months in which source deductions have not been remitted as non-compliance could result in penalties / fines from the government.
An instance where I had to use this, was where a business only had two employees (the shareholders) and simply wanted to skip paying themselves for one month. In this case, we had to ensure to file a nil return with CRA for that month.
No comments:
Post a Comment