As an employer, you are responsible for deducting, remitting, and reporting payroll reductions. The following are the responsibilities of an employer:
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- Open and maintain a payroll account.
- Get your employee’s social insurance number (SIN).
- Obtain a completed federal Form TD1 and, if applicable, a provincial or territorial Form TD1.
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- Deduct CPP contributions, EI premiums, and income tax from remuneration or other amounts including taxable benefits and allowances, you pay in a pay period.
- Remit these deductions along with your share of CPP contributions and EI premiums when they are due.
- Report the employee’s income and deductions on the appropriate T4 and T4A slip.
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- Complete and issue a Record of Employment (ROE) when an employee stops working and has an interruption of earnings.
- Keep records of what you do.