TORONTO, June 29 /CNW/ - The Canadian Payroll Association (CPA) commends
the federal government and the Canada Revenue Agency for changes to the
administration of employee taxable benefits and allowances announced by the
Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of
State (Agriculture and Agri-Food) on Thursday, June 11, 2009.
"These changes that reduce the administrative burden for gifts and
awards, overtime meal allowances and four other benefits increase the
efficiency and effectiveness of payroll-related legislation for all
stakeholders: employers, government, employees and the general public," said
Patrick Culhane, President and Chief Executive Officer of the CPA.
"Effective and efficient payroll administration is mission-critical for
all organizations, given the: responsibilities of employers, needs of
employees, magnitude of remittance payments and breadth of legislative
compliance requirements," he adds.
Canada's 1.5 million employers, annually pay $730 billion in wages and
taxable benefits, $200 billion in remittances to the Canada Revenue Agency,
$30 billion in remittances to the Ministère du Revenu du Quebec, and $80
billion in health and retirement benefits. In addition, payroll administers 25
million T4s, 8 million T4As and 6 million RL-1s-all while complying with over
185 pieces of federal and provincial legislative and regulatory requirements.
"The CPA thanks the Canada Revenue Agency for working cooperatively with
Canadian employers and their payroll professionals to effect changes regarding
administrative policies for employee taxable benefits," states Janice
MacLellan, CPA Chairman.
The CPA will be working with the CRA on an ongoing basis to communicate
the specific impacts of the changes to taxable benefit administration and the
implications for payroll. Visit the CPA website (www.payroll.ca) for upcoming
events and bulletins to highlight these changes.
The Canadian Payroll Association (CPA) has influenced the payroll
compliance practices and processes of hundreds of thousands of employers since
1978. Its mission is Payroll Leadership through Advocacy and Education.
For further information:
For further information: Wendy McLean-Cobban, CMP, Manager, Marketing &
Communications, The Canadian Payroll Association, Tel: (416) 487-3380 ext.
111, 1-800-387-4693 ext. 111, Email: email@example.com