If your company requires an update to its remittance frequency, you will receive a notice from CRA with the company's new remittance schedule. To make changes to your company's current remittance schedule:
- Open Company > Payroll Details
- Select the 3 action dots beside your company's CRA Payroll Number & current remittance schedule and select Edit
- The Edit Payroll Detail will open
- Select your new Remittance Schedule from the drop-down menu
- Select Save
You can check the Expected Remittance Date under the Statement Information on the Payroll Summary Report. You can access the Payroll Summary Report in Knit under Reports > Payroll Reports > Payroll Summary.
Remitting frequency, periods and due dates by remitter type
Remittance Schedule |
Frequency |
Remitting Frequency |
Due Date |
---|---|---|---|
Regular & Quarterly* |
Monthly |
Calendar months |
15th day of the following month |
Threshold 1 accelerated |
Up to twice a month |
1st to 15th of the month16th to end of the month |
25th day of the same month 10th day of the following month |
Threshold 2 accelerated |
Up to four times a month |
1st to 7th of the month 8th to 14th of the month 15th to 21st of the month 22nd to the last day of the month |
3rd working day after the 7th 3rd working day after the 14th 3rd working day after the 21st 3rd working day after the last day of the month |
*Please note Knit does not have an option for quarterly remittances. If your company is a quarterly remitter, please select "Regular Remitter" as your schedule, and we will remit your source deductions every month.