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What to deduct from your employees' remuneration

You are responsible for deducting income tax, Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) contributions, and Employment Insurance (EI) premiums from your employees' remuneration. You are also responsible for remitting this money to us at regular intervals, usually on or before the 15th day of the month following the month in which you deducted it. 

For example, if you make your deductions from an employee's remuneration on May 10, you then have to remit the money to us on or before June 15. If June 15 falls on a Saturday, Sunday, or holiday, the remittance is due on the next business day.

If your payment is late, we may apply a late-remitting penalty.

Topics about What to deduct from your employees' remuneration

Canada Pension Plan (CPP) / Quebec Pension Plan (QPP)
The CPP came into effect as a way to provide financial assistance to Canadians when they retire from the workforce.
If you run a business in Quebec, you deduct QPP contributions.		 Employment Insurance
Employment insurance is a federally administered insurance program that gives financial assistance to people who are unemployed.
Income Tax
As an employer, you are responsible for deducting income tax from the salaries, wages or other remuneration you pay your employees.		 Workers' Compensation
As an employer, you may be required to make payments, and be subject to certain regulations under workers' compensation legislation.
    MA Accounting - Bookkeeping & Income Tax Services