I am currently a small business owner and I have been classified as an accelerated payroll remitter. What does this mean and what can I do to change the classification?

Allan Madan, CA

Apr 18, 2012

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An accelerated payroll remitter is required to make bi-weekly payroll remittances the CRA. The government determines this classification based on financial information based on 2 years prior to current year. Contact us and we can assist you with the reclassification process.

Disclaimer

The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

ABOUT THE AUTHOR

ALLAN MADAN

CA.CPA.CGA

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.

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