Incorporated Business fine assessed for receiving Payroll deduction Late

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dudewheresmycar
Member since: Jan 07

Posts: 980
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Posted on: 11-03-10 12:32:36

Hi ,

I have a incoporated business and i mailed my Payroll deductions on Feb 27th and i was assesed a fine of over 300$ as the CRA received it on March 3rd. CRA deadline is March 1st

According to my friend CRA needs it postmarked before March 1st..

Wanted to check with the people on the forum what are the rules and will it get returned on appeal..

Thanks

ftfl
Member since: Jul 06

Posts: 2335
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Post ID: #PID

Posted on: 11-03-10 15:12:34

Quote:
Originally posted by dudewheresmycar

Hi ,

I have a incoporated business and i mailed my Payroll deductions on Feb 27th and i was assesed a fine of over 300$ as the CRA received it on March 3rd. CRA deadline is March 1st

According to my friend CRA needs it postmarked before March 1st..

Wanted to check with the people on the forum what are the rules and will it get returned on appeal..

Thanks

__________________________________________________________

What you received is a computer generated fine. You can call and represent yourself with the copy of your submission, in hand, while you are discussing and they will certainly oblige you and reverse the fines that were charged.

There are humans at each end that do the required things from time to time.

Freddie.

SeemaCGA
Member since: Mar 10

Posts: 6
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Posted on: 16-03-10 17:49:21

Chances are yes if you have the post marked envelop with you otherwise don't try.

Seema Makhija, MBA, CGA
Tax & business planning

benparsad
Member since: Jan 06

Posts: 412
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Post ID: #PID

Posted on: 16-03-10 17:58:46

SeemaCGA

The envelop was posted not recieved, so OP won't have the post marked envelop.

BTW; What's the harm in trying?

-Ben

dudewheresmycar
Member since: Jan 07

Posts: 980
Location:
Post ID: #PID

Posted on: 18-03-10 16:40:35

This is a more complex matter than what i had originally posted.

I though the fine was for them receiving it late by a few days..

But turns out it was by a few months late not a few days late.. My accountant failed to reveal it to me that i would be fined and a call to the CRA told me what was going on..

As per rules all 2009 T4's remittance should have been done by Jan 15th and T4 filed by March 1st.. I had missed the remittance date.. and hence the fine

Even if i contest i will have a hard time convincing them about refunding penatly unless i decide to cancel the T4 all together, which will not work in my favor as i have already contributed to RRSP to claim back some of the taxes..

I risk audits if i chose other methods because CRA already knows i should have been treated a employee because of my once issued T4.

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Incorporated Business fine assessed for receiving Payroll deduction Late

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