Canada Tax Agency Updates Employer Guide on Payroll Deductions, Remittances

The Canadian Revenue Agency Dec. 21 updated guidance for employers on payroll deductions and remittances. The updated topics include: 1) remittance thresholds for employer-source deductions, ranging from under C$25,000 (US$18,196) for regular remitters, to C$100,000 (US$72,785) or more for accelerated remitter threshold 2; 2) deduction deadlines of the 15th of the month following the month or quarter of employee payment, for monthly and quarterly remitters, respectively; 3) maximum pensionable earnings of C$71,300 (US$51,895), and annual basic exemption of C$3,500 (US$2,547) for the Quebec Pension Plan (QPP) and Canada Pension Plan (CPP), for 2025; 4) the employee contribution rate of 6.40 ...