104 /
Notes, continued
(5) Employers with average monthly withholding amounts between $15,000 and $50,000 in
the second preceding calendar year must remit their source deductions in the following
manner:
• For remuneration paid during the first 15 days of the month, remittances must be
received by the 25th day of that same month.
• For remuneration paid during the balance of the month, remittances must be received
by the 10th day of the following month.
Threshold 1 remitters may remit their payments either electronically, to a taxation centre
or to a Canadian financial institution.
(6) Employers with average monthly withholding amounts of $50,000 or more in the second
preceding calendar year must remit their source deductions four times a month. The
remittances must be received by the third working day after the last day of the following
periods:
• 1st to the 7th day of the month
• 8th to the 14th day of the month
• 15th to the 21st day of the month
• 22nd to the end of the month
Threshold 2 remitters are not permitted to make their payments at a taxation centre.
They must remit their source deductions either electronically or to a Canadian financial
institution.
Current as of September 30, 2013
© 2013 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms
affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.