OTTAWA, March 21, 2017 /CNW/ - Representatives from the Canadian Payroll Association are available to comment on payroll-impacting Federal Budget measures that may influence the efficiency and effectiveness of payroll legislation, regulations and administration for government, employers and employees.
The Association can speak about issues associated with payroll tax reporting and remittances (e.g. T4s, T4As), including progress on enabling employers to save millions of dollars by using electronic T4s, efficiency changes to the Employment Insurance (EI) program, and taxable benefits.
About the Canadian Payroll Association:
Since 1978, the Canadian Payroll Association (CPA) has annually influenced the payroll compliance practices and processes of over five hundred thousand organizational payrolls. Canada's 1.5 million employers annually pay $928 billion in wages and taxable benefits, $313 billion in statutory remittances (income tax, Canada Pension Plan and Employment Insurance contributions) to the federal and provincial governments, and $177 billion in health and retirement benefits, while complying with more than 200 federal and provincial regulatory requirements.
Employers and payroll practitioners generate more than 26 million T4s, 8 million T4As and 7 million Releve-1s to comply with the current paper-based tax forms and processes. Employer payroll remittances represent more than 60% of federal government revenues and are significantly more than corporate and consumption taxes combined.
As the authoritative source of Canadian payroll compliance knowledge, the CPA promotes payroll compliance through advocacy and education. For more information on the Association's Professional Development Seminars, Certification Programs, and the Benefits of Membership visit payroll.ca.
SOURCE Canadian Payroll Association
For further information: To arrange an interview please contact: Patricia Jordan, Manager, Communications and Marketing, Canadian Payroll Association, [email protected], 416-487-3380 x 111