Question
In: Accounting
what is the purpose of doing a reconciliation of the Canada Revenue Agency remittances?
what is the purpose of doing a reconciliation of the Canada Revenue Agency remittances?
Solutions
Expert Solution
Reconciliation of the Canada Revenue Agency (CRA) remittances is done to determine any of the following discrepancies and resolve them timely -
1. Differences between employer records for contributions and CRA statements.
2. Not meeting the deadline of remitting to the Receiver General by the Employer the amount which he has withheld from the employee's salary.
3. Difference between the actual amount of remittance received from the employees and amounts remitted to Canada Pension Plan contributions account.
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ekkarill92 answered 2 years agoRelated Solutions
What is the purpose of reconciling the Canada Revenue Agency account?
What is the purpose of reconciling the Canada Revenue Agency
account?
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what is a bank reconciliation? what are the steps in preparing a
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Payroll. Canada. The organizations’ Controller has received a notice from the Canada Revenue Agency (CRA) advising...
Payroll. Canada.
The organizations’ Controller has received a notice from the
Canada Revenue Agency (CRA) advising that the organization will be
changing from an Accelerated threshold 1 remitter to an Accelerated
threshold 2 remitter effective with the first pay of the new year.
The Controller has asked you to provide an explanation of why this
change has occurred.
In addition, she wants to understand how this will impact the
statutory remittance schedule. Using the Current Year calendar in
the course...
The organizations’ Controller has received a notice from the Canada Revenue Agency (CRA) advising that the...
The organizations’ Controller has received a notice from the
Canada Revenue Agency (CRA) advising that the organization will be
changing from an Accelerated threshold 1 remitter to an Accelerated
threshold 2 remitter effective with the first pay of the new year.
The Controller has asked you to provide an explanation of why this
change has occurred.
In addition, she wants to understand how this will impact the
statutory remittance schedule. Using the Current Year calendar in
the course material, provide...
The organizations’ Controller has received a notice from the Canada Revenue Agency (CRA) advising that the...
The organizations’ Controller has received a notice from the
Canada Revenue Agency (CRA) advising that the organization will be
changing from an Accelerated threshold 1 remitter to an Accelerated
threshold 2 remitter effective with the first pay of the new year.
The Controller has asked you to provide an explanation of why this
change has occurred.
In addition, she wants to understand how this will impact the
statutory remittance schedule. Using the Current Year calendar in
the course material, provide...
The organizations’ Controller has received a notice from the Canada Revenue Agency (CRA) advising that the...
The organizations’ Controller has received a notice from the
Canada Revenue Agency (CRA) advising that the organization will be
changing from an Accelerated threshold 1 remitter to an Accelerated
threshold 2 remitter effective with the first pay of the new year.
The Controller has asked you to provide an explanation of why this
change has occurred.
In addition, she wants to understand how this will impact the
statutory remittance schedule. Using the Current Year calendar in
the course material, provide...
The organizations’ Controller has received a notice from the Canada Revenue Agency (CRA) advising that the...
The organizations’ Controller has received a notice from the
Canada Revenue Agency (CRA) advising that the organization will be
changing from an Accelerated threshold 1 remitter to an Accelerated
threshold 2 remitter effective with the first pay of the new year.
The Controller has asked you to provide an explanation of why this
change has occurred.
In addition, she wants to understand how this will impact the
statutory remittance schedule. Using the Current Year calendar in
the course material, provide...
The organizations’ Controller has received a notice from the Canada Revenue Agency (CRA) advising that the...
The organizations’ Controller has received a notice from the
Canada Revenue Agency (CRA) advising that the organization will be
changing from an Accelerated threshold 1 remitter to an Accelerated
threshold 2 remitter effective with the first pay of the new year.
The Controller has asked you to provide an explanation of why this
change has occurred. In addition, she wants to understand how this
will impact the statutory remittance schedule. Using the Current
Year calendar in the course material, provide...
The organizations’ Controller has received a notice from the Canada Revenue Agency (CRA) advising that the...
The organizations’ Controller has received a notice from the
Canada Revenue Agency (CRA) advising that the organization will be
changing from an Accelerated threshold 1 remitter to an Accelerated
threshold 2 remitter effective with the first pay of the new year.
The Controller has asked you to provide an explanation of why this
change has occurred. In addition, she wants to understand how this
will impact the statutory remittance schedule. Using the Current
Year calendar in the course material, provide...
which remittances made to revenue quebec should be reconciled on a regular basis?
which remittances made to revenue quebec should be reconciled on a
regular basis?
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