If you received a failure to pay notice and you have already made a payment, please do not cancel your payment. We are currently experiencing delays with some payments being processed. Your payment will be processed as soon as possible.
If you are a payroll remitter, we encourage you to make your next remittance electronically or use remittances vouchers (PD7A) you have on hand.
Since April 2013, we no longer mail paper Forms PD7A, Statements of Account for Current Source Deductions to you if you pay your remittances electronically for six months or more.
To view the information that was provided on your paper Form PD7A, use the view "Account balance" and "Account transactions" features of E-services for Businesses.
If you wish to continue receiving paper statements of account, call 1-800-959-5525.
Your payroll obligations to withhold, remit, and file do not change. Remittances not received by their due date may be subject to penalties. You should keep a paper remittance voucher handy if there is an electronic disruption.
Employers are now able to sign up for direct deposit using the new Form RC366, Direct Deposit Request - GST/HST, Payroll and/or Corporation Income Tax.
If you are sending your source deduction remittances to us electronically and have been for at least six months, you will not receive a paper remittance booklet (PD7A-RB) when we mail these in December. If you receive a paper remittance booklet but have started to send in your remittances electronically, you can choose not to receive the booklet in the future.
For more information, see PD7A-RB, Remittance Voucher for Current Source Deductions.
Since 2012 (for the 2011 and later tax years), box 24 and box 26 of the T4 slip must always be completed.
Since 2012, employers may have to deduct CPP contributions from the pensionable earnings they pay an employee who is 60 to 70 years of age, even if the employee is receiving a CPP or QPP retirement pension. See Changes to the rules for deducting Canada Pension Plan (CPP) contributions for more information.
You may be eligible for a one-time hiring credit for small business. The latest federal budget proposed extending this credit for 2012.
As of January 2013, employers will have the option to make an online request using My Business Account to get their HCSB refunded to them.
To find out more, go to Hiring credit for small business (HCSB).
The information in this publication is effective July 1, 2013. This publication replaces the 96th edition of the Payroll Deductions Formulas for Computer Programs. Go to Guide T4127, Payroll Deductions Formulas for Computer Programs for more information.