Friday 9 February 2018

Wagepoint and the CRA

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. 

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