Payroll Remitter Types and Due Dates

Payroll Remitter Types and Due Dates

Payroll remitter types: when your source deductions are due If you run payroll, you withhold income tax, CPP and EI from your employees’ pay and send it to the CRA on a schedule. When they are due depends on your remitter type. Miss the date on an amount over...
Spousal RRSPs and the Three-Year Rule

Spousal RRSPs and the Three-Year Rule

A spousal RRSP is one you contribute to and your spouse owns. You take the deduction, they own the money, and in retirement the income is taxed in their hands instead of yours. Withdraw too soon after a contribution and that last part reverses. The short answerYou...