When you register your business with the CRA, they determine and send you your business tax remittance frequency. Learn how to register your business with the CRA.
Types of remittance frequencies
Set or update your remittance frequency in Wave
Types of remittance frequencies
The CRA decides your tax remittance frequency based on how long you have been in business, your average monthly withholding amount, and your pay date. To understand how the CRA determines your remittance frequency, see the CRA article on the types of remitters.
If your business is active on direct deposit, Wave automatically remits taxes for your business to the CRA. Learn how Wave remits your taxes in Payroll tax services in Canada.
Regular Remitter (Monthly in Wave)
Regular remitters owe tax payments to the CRA by the 15th day of the month after paying their employees. For example, if your employees' payday was January 10, the related tax payments are due on or before February 15.
Threshold 1 (Accelerated remitter)
Threshold 1 remitters have two tax payment deadlines based on the employee's pay date:
- If you pay employees before the 16th of the month, your tax remittances are due by the 25th day of the same month.
- If you pay employees after the 16th of the month, your tax remittances are due by the 10th day of the following month.
Threshold 2 (Accelerated remitter)
Threshold 2 remitters must pay the CRA up to four times per month. These payments occur between the 1st and 7th of the month, the 8th and 14th of the month, the 15th to 21st of the month, and the 22nd to the last day of the month.
Wave currently supports monthly remittances only. If you are a quarterly remitter, you can still use Wave’s tax service to remit tax payments monthly without penalties from the CRA.
Set or update your remittance frequency in Wave
To set your tax remittance frequency in Wave, complete your tax profile. To change your tax remittance frequency in Wave, update your business tax profile.