Statement of remittance reporting

Managing payroll remittances can be complicated — but it doesn’t have to be. ADP Canada offers automated statement of remittance reports to help simplify your tax reporting and help your business with its compliance journey.

What is a statement of remittance report?

The statement of remittance report provides a detailed summary of statutory deductions remitted on your behalf to federal, provincial and/or territorial authorities. These reports verify, reconcile and balance your tax accounts throughout the year, and provide information necessary for completing required annual summaries.

ADP Canada remits statutory deductions for clients who have authorized us to do so. Previously, these reports were only available on request, but now they can be delivered to clients automatically for fast and easy service.

Key features of the statement of remittance reports

Each report:

• Displays tax details by remittance date
• Provides subtotals by business number (Canada Revenue Agency (CRA), Revenu Québec, Ontario Ministry of Finance — Employer Health Tax (EHT), etc.)
• Includes a grand total at the end of each report
• Supports reconciliation of payroll accounts and prepares year-end filings

The reports cover remittances made to:

• Canada Revenue Agency (CRA)
• Revenu Québec
• Commission de la Santé et de la Sécurité du travail du Québec (CNESST)
• Ontario Ministry of Finance — Employer Health Tax (EHT)
• Nova Scotia Workers' Compensation Board (WCB)
• Newfoundland and Labrador Health and Post-Secondary Education Tax (HAPSET)
• Manitoba Health and Post-Secondary Education Tax (HAPSET)
• WorkSafeBC
• Non-Resident Tax
• Northwest Territories Payroll Tax
• Nunavut Payroll Tax

Why statement of remittance reports matter

Keeping your statement of remittance reports organized helps provide for smooth payroll and tax management. These reports make it easier to verify payroll deductions and employer contributions, reconcile remittances against the CRA and provincial and/or territorial reports and reduces the risk of errors and penalties that your business may face. These reports also serve as an important record-keeping tool, helping employers meet the CRA’s document retention requirements.

Recommendations for employers

To help reduce year-end stress:

• Review and reconcile your payroll source deductions regularly for a smooth tax season
• Retain your reports for six years from the end of the last tax year they relate to, in line with the CRA document retention requirements
• Automate your reporting through ADP Canada for consistent access and peace of mind

How ADP Canada helps

ADP Canada can automatically provide you with your statement of remittance reports on an annual basis or more frequently as needed. Contact an ADP Canada sales associate to order your automatic statement of remittance reports today.

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