Failure to remit and late remittances
We can assess a penalty on the amount you failed to remit when:
- you deduct the amounts, but do not remit them; or
- we receive the amounts you deducted after the due date.
If the remittance due date is a Saturday, a Sunday, or a public holiday recognized by the CRA, your remittance is due on the next business day.
The penalty for remitting late is:
- 3% if the amount is one to three days late;
- 5% if it is four or five days late;
- 7% if it is six or seven days late; and
- 10% if it is more than seven days late or if no amount is remitted.
We will charge you a fee for any payment that your financial institution refuses to process. If your payment is late, we can also charge penalties and interest on any amount you owe.
If you are assessed this penalty more than once in a calendar year, we may assess a 20% penalty to the second or later failures if they were made knowingly or under circumstances of gross negligence.
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