Home› Community Chat› Help Center Discussion

Set up Wave to remit taxes to the CRA on your behalf

SystemSystem Posts: 412 admin

imageSet up Wave to remit taxes to the CRA on your behalf

This article is for Payroll by Wave in Canada.
It's nice to not have to worry about payroll tax!  Follow the steps below to set up Wave to remit taxes for payroll on your behalf.
Before you begin, ...

Read the full story here


edited January 15, 2019 in Help Center Discussion

Comments

  • CorruptCorrupt Member Posts: 1

    I would use this service if it supported quarterly remittance. As it stands, it is worthless for quarterly remitters in small businesses that don't make enough money to remit at the higher thresholds.

    edited January 15, 2019
  • Laura_KavanaghLaura_Kavanagh Member Posts: 17 admin

    Hi @Corrupt, the reason we don't support quarterly remittances is due to the specific income thresholds that could potentially cause our business owners additional penalties. Often, business owners don't receive any notice that they are going to be reaching the threshold. We currently support Monthly remittances for Threshold 1 and 2, with more details on this here
    https://support.waveapps.com/hc/en-us/articles/208623846-Canadian-employers-When-do-I-remit-Payroll-remittance-due-dates

    We are always looking to expand our offerings to support our payroll customers further, and really appreciate this input. If there's more specifics that you're looking for with payroll, then just reply back and I can share with our product team.

  • ADSADS Member Posts: 4

    "You can look at Taxes > Remittances to see which taxes will be handled by Wave and which you will need to handle. This is usually if Payrolls were initially approved with the feature turned off. " I would like to see a photo of this. At the moment, my page doesnt give me the option to do it myself.

  • BarsinBarsin Member, Moderator Posts: 2,041 ✭✭✭

    Hey there @ADS

    I see that one of our payroll tax specialists is on your case about your payroll tax remittances! My apologies I am unable to answer your question here, but stay tuned to your email from our support agent for more info!

  • GregElectrician_15GregElectrician_15 Member Posts: 1

    My company currently qualifies as a quarterly remitter. Since this option is not available, can I just use the monthly option?

  • KiahDKiahD Administrator Posts: 267 admin

    Hey @GregElectrician_15 !

    Yep that's fine! If you choose monthly, you will still be paying on time, so that will be compliant. Even though you qualify for quarterly remittances, there is no penalty for early payments 😊

Sign In or Register to comment.