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Common payroll taxes

Tax QuestionsCategory: FeaturedCommon payroll taxes
Peter stevens asked 8 months ago

What are the most common payroll taxes that I need to know before running the payroll for a specified period?

1 Answers
GTA Accounting Staff answered 8 months ago

The Canada Pension Plan (CPP), Employment Insurance (EI), and the Income Tax; these 03 taxes which are calculated for each employee and in each payroll run. The amount of taxes withheld by the employer in each pay-check must be remitted to the CRA by the 15th of the following month.

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