CRA remittances refer to the payments that employers and businesses must send to the Canada Revenue Agency (CRA) to cover various payroll deductions and tax obligations. When an employer pays wages or salaries to employees, they are required by law to deduct certain amounts—such as income tax, Canada Pension Plan (CPP) contributions, and Employment Insurance (EI) premiums—from each employee’s pay. These deducted amounts, along with the employer’s portion of CPP and EI, must be remitted to the CRA on a regular basis.

The remittance schedule—monthly, quarterly, or accelerated—depends on the total average monthly withholding amount (AMWA) from previous years. Late or missed remittances can result in penalties and interest, so timely submission is essential. Businesses are also required to file related reports such as the PD7A (Payroll Remittance Form) and T4 slips at year-end.

Understanding and managing CRA remittances is crucial for compliance and maintaining a good standing with the CRA. Many businesses choose to work with payroll providers or accountants to ensure accuracy and consistency. Whether you’re a new business owner or managing an established company, staying on top of your CRA obligations helps avoid costly mistakes and ensures smooth financial operations.