When to Remit your Employee Payroll Deductions

Payroll remittances are an amount that you are required to pay to the Canada Revenue Agency (CRA) when you pay salaries or wages or give a taxable benefit to an employee. The remittance is a source deduction from the amount you paid to your employee. These deductions must be remitted to the CRA regularly and are based on the schedule and type determined by the CRA.

You can find your remitter type by logging in to your CRA My Business Account.

To learn about all the Different Types of Remitters, click here.

Humi does not automatically update your remitter type, so it’s up to you to make any necessary changes. Don’t worry—updating it is simple, and here’s how you can do it:

1. Log into your Humi account.
2. Navigate to Company > Overview > Payroll Information > Edit.
3. Update the Remitter Type to the appropriate option.

Once you’ve updated the remitter type, the change will take effect on the back end within one business day.

Can I Update the Remitter Type in Advance?

Yes! If the change in remittance applies to a later date, you can update your remitter type early to avoid last-minute adjustments.

Will the CRA Penalize Me for Sending Remittance Early?

No, the CRA does not penalize you for sending remittances earlier than required.

For example:

• A Monthly Remitter can remit as if they were a Threshold 1 Remitter.
• A Threshold 1 Remitter can remit like a Threshold 2 Remitter.

You can ensure smooth payroll processing without any concerns by staying ahead of your remitter-type updates.

Having the correct schedule for your payroll remittances is essential. We want to ensure the most accurate information is always available to you, so here is a list of Remittance Due Dates straight from the CRA.

Using the Remittance Report

To help make the process a little simpler, you can use the Remittance Report in Humi by following the steps below:

1. In Reporting, under the Payroll tab, select the Remittance Report

2. You can filter and edit the report's date range by annual, quarter, month, or per pay period

3. If you would like to export the data into an excel file, you can do so by clicking the Export Excel button on the top right corner

This report is a helpful tool to keep track of all remittances that have or will be sent on your behalf, according to your remittance schedule.

The Remittance Report displays all statutory remittance records for each pay period and when they're due such as:

• CPP
• EI
• Income tax

When you're ready to remit your payments, this can be done online through My Payment, the pre-authorized debit option in My Business Account. You can also do this using paper remittance vouchers in person at your bank (or financial institution), using a debit or credit card, mailing a cheque or money order, or by wire transfer for non-residents.

Click here for a list of government-approved third-party service providers.

The deductions and income reported for your employees are based on a Year-to-date (YTD) amount. YTD amounts are cumulative payroll-related amounts used for record-keeping and reporting purposes. They're sums of the amounts from the beginning of the year to the specified pay period. Typical YTD values include regular pay, commission, bonus, tax, CPP, EI, etc.

As an employer, you need to use this information to complete a T4 slip for each employee and complete a T4 summary form. Information generally contains employment income, commissions, taxable allowances and benefits, and any other remunerations.

There are two ways to file T4 Returns:

• Internet File Transfer (XML) portal

• D Web Forms portal