Payroll Deduction Remittance
Deductions from payroll are due and payable by the 15th of the following month in which they were taken.
A PD7A Statement of Account for Current Source Deductions form should be accompanied with every remittance cheque and require the following information:
Some helpful hints when making monthly payroll payments to CRA:
Issuing Payments to Revenue Canada
Statement of Account for Payroll Deductions
CRA structured the Business Number accounts so that all the Foursquare Churches across Canada are operating under the same root number (10739 6905). Each church is then separately identified with a unique division number.When payments are made without clear distinction of the Account Number the payment is credited t the national office payroll account with no indication of what church the payment was from.
It is very important for each of the churches to maintain a reconciled account. The GST division of CRA passed legislation that enables them to retain GST Rebates and apply them to the outstanding payroll payments of an organization. This means that the GST Rebate from one church can be taken and applied to the outstanding payroll account of another church. If the payment for the church is not applied the account goes into arrears and GST Rebates from another church could be withheld and applied to the outstanding account.
Below is a copy of the top portion of the CRA Statement of Account for payroll deductions. When you receive the statement each month, please check the following amounts to be sure that proper payments have been applied to the church payroll account:
Please notify the national office as quickly as possible of any discrepancies on your statement. By providing this information to us we can assist you and other churches in matching and notifying the CRA of any necessary adjustments.