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compliance

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Alex B.
2025-08-23 02:29:55 -04:00
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docs/source/2_compliance.rst
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@@ -125,7 +125,7 @@ income tax from remuneration paid to employees. Beginning January 1, 1962, all p
imposed personal income tax; prior to that date, only Québec imposed such a tax.
Income tax withholdings are calculated by applying a federal tax rate and a separate
provincial/territorial tax rate to the employee’s taxable income. The employee’s province of
provincial/territorial tax rate to the employee's taxable income. The employee's province of
employment determines which provincial/territorial tax rate to apply. The federal
government and all provinces and territories, except Québec, have the same definition of
taxable income.
@@ -140,14 +140,14 @@ returns filed by Canadian taxpayers.
As the federal government collects both the federal and the provincial/territorial portions of
tax from all employees working in a province/territory other than Québec, the two tax
withholdings, federal and provincial/territorial, are combined into one deduction amount. The
employee may only see one item ‘Income Tax’ or ‘Federal Income Tax’ listed on their pay
employee may only see one item *Income Tax* or *Federal Income Tax* listed on their pay
statement, however it is the total of two withholdings.
Québec collects its own provincial income tax. There are two separate income tax deductions
withheld from Québec employees — one for federal income tax and the other for Québec
provincial income tax. The federal income tax is remitted to the CRA and the Québec
provincial income tax is remitted to Revenu Québec (RQ). Québec employees will see
‘Federal Income Tax’ and ‘Québec Income Tax’ listed separately on their pay statements.
*Federal Income Tax* and *Québec Income Tax* listed separately on their pay statements.
RQ is discussed extensively in a later chapter.
Non-Compliance Penalties
@@ -155,7 +155,7 @@ Non-Compliance Penalties
If an organization fails to deduct and remit the amounts withheld from employees for CPP
contributions, EI premiums and income tax, it may be left in the position of having to pay
both the employer’s and the employee’s portion of deductions not taken, as well as penalties
both the employer's and the employee's portion of deductions not taken, as well as penalties
and interest charges on the outstanding amount.
An employer who remits withholdings or deductions late is subject to the following