Running a business means juggling operations, clients, employees, suppliers—and everything in between. With so much on your plate, it’s completely understandable when payroll remittances slip behind. It happens more often than most business owners think.
But here’s the part that matters:
Payroll remittances are not just another bill.
They’re CRA trust funds—money you withhold on behalf of your employees—and CRA expects them on time, every time, usually by the 15th of the following month.
And when those deadlines are missed, the consequences add up quickly.
Why Payroll Remittances Matter
Failing to remit payroll deductions isn’t treated like a regular late payment. To CRA, it signals a compliance risk, and they respond fast.
If You Fall Behind, Here’s What Can Happen:
- Penalties of up to 20%
- Daily compounding interest on outstanding amounts
- CRA letters, calls, and collection pressure
- Unnecessary stress that distracts you from running your business
This isn’t meant to create fear—it’s to help you stay one step ahead and protect your business from avoidable issues.
If You’re Behind, You’re Not Alone
Many honest, hard-working business owners get behind on payroll. Sometimes cash flow is tight. Sometimes things get busy. Sometimes it’s simply an oversight.
Either way, there’s always a path to fixing it—and you don’t have to do it alone.
Let’s Get Your Payroll Back on Track
If payroll remittances have been keeping you up at night—or you suspect things aren’t fully up to date—reach out. A quick conversation can save you stress, money, and future CRA headaches.
EMRO Chartered Professional Accountants
#200, 10479 184 Street NW
Edmonton, Alberta, T5J 3S4