16. We must make remittances to Canada Revenue Agency (CRA) on a regular basis. What taxes are considered to be statutory deductions? What does my company have to contribute to these taxes? If the monthly remittances averaged $26,500 in 2018, what is our remitter type? When do I have to have my remittances in to CRA for my May 31, 2020 payroll?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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16. We must make remittances to Canada Revenue Agency (CRA) on a regular basis. What taxes are
considered to be statutory deductions?
What does my company have to contribute to these taxes?
If the monthly remittances averaged $26,500 in 2018, what is our remitter type?
When do I have to have my remittances in to CRA for my May 31, 2020 payroll?
Transcribed Image Text:16. We must make remittances to Canada Revenue Agency (CRA) on a regular basis. What taxes are considered to be statutory deductions? What does my company have to contribute to these taxes? If the monthly remittances averaged $26,500 in 2018, what is our remitter type? When do I have to have my remittances in to CRA for my May 31, 2020 payroll?
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