Unit #204, 8185 Yonge Street, Thornhill, Ontario, Canada Thornhill, ON 416-300-6242 info@sparaccounting.com

Professional Service

Remittance of Source Deductions

Streamline employee deductions with our meticulous and timely service.

Get Started Today Call 416-300-6242

4.8 on Google

Why Choose Spar Accounting?

Over a decade of Canadian accounting expertise
Personalized service for every client
Transparent pricing, no surprises

Backed by 4.8 stars on Google.

4.8★

Google Rating

10+

Years of Experience

Responsive

Client Support

Trusted

By Local Businesses

Accurate & Timely Deduction Services

Never miss a remittance deadline. We handle all aspects of your source deduction obligations.

CPP Contribution Calculations

Accurate Canada Pension Plan contribution calculations for all employees.

EI Premium Deductions

Proper Employment Insurance premium calculations and deductions.

Income Tax Withholding

Correct federal and provincial income tax withholdings based on TD1 forms.

Timely Remittance Filing

On-time submission of all remittances to avoid penalties and interest.

Year-End Reconciliation

Complete reconciliation of all deductions for accurate year-end reporting.

CRA Compliance Support

Expert guidance to ensure full compliance with all CRA requirements.

How It Works

Our streamlined process ensures you receive efficient and reliable service.

Initial Consultation

We discuss your needs and understand your business requirements.

Document Review

We analyze your financial documents and identify key areas.

Service Delivery

Our experts complete the work with precision and attention to detail.

Ongoing Support

We provide continuous support and address any questions you have.

Frequently Asked Questions

When are source deduction remittances due?

Due dates depend on your remitter type. Regular remitters submit by the 15th of the following month. Accelerated remitters may have more frequent deadlines. We'll track your specific due dates and ensure timely submission.

What happens if I remit late?

Late remittances result in penalties and interest charges from CRA. Penalties can range from 3% to 10% depending on how late and whether it's a repeat occurrence. We help you avoid these costly mistakes.

Do I need to remit if I'm a small employer?

Yes, all employers must remit source deductions, but small employers with lower remittances may qualify for quarterly remitting. We'll determine your remitter type and set up the appropriate schedule.

What's included in source deductions?

Source deductions include CPP contributions, EI premiums, and federal/provincial income taxes. For Quebec employers, there are additional provincial requirements. We handle all applicable deductions for your location.

Related Services

Explore our other professional accounting services.

Source Deductions Across the GTA

We work with clients in every corner of the Greater Toronto Area.

Thornhill Vaughan Markham Richmond Hill North York

Stay Compliant with Source Deductions

Avoid penalties and interest charges. Let us manage your employee deductions and CRA remittances.

Book a Consultation 416-300-6242