End of the calendar year - CFO+CO

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Your name(Required)

First name Name

Legal name of your company(Required)

Company name (if different)

Your e-mail address(Required)

Target calendar year-end(Required)

DD dash MM dash YYYY

Payroll and withholding tax (DAS)

If your company pays salaries, there are several factors to consider:

You must calculate payroll deductions for remittance to governments and pay net salaries to employees.
As an employer, you must also calculate payroll taxes and remit them to the government.
Depending on your remittance period, you must file wage declarations with the following governments
At the end of the year, you'll need to produce leaflets and summaries.
It is your responsibility to forward the slips to your employees.
It is also your responsibility to forward the slips and summaries to the governments.

Each of these elements has an accounting impact. In many cases, forms must also be submitted to governments.

As a shareholder of your company, if you have withdrawn funds, you must declare this and treat it appropriately in your accounting and with the government. Depending on the case, an outflow of funds will be treated as an advance, a salary or a dividend.

Generally speaking, we recommend that you treat your remuneration as a salary, as this has a number of advantages, both personally and for your company. To find out more, talk to your account manager!

Finally, be sure to check the important dates to avoid penalties and interest.

Describe your situation regarding wages paid during the calendar year(Required)

No wages have been paid during the calendar year and there are no wages to declare.

I dealt with your team for my bookkeeping and the payroll is up to date!

I manage the payment of salaries internally and will file salary declarations and process source remittances (there's nothing to do).

I manage payroll in-house, but I need your team to file payroll returns and process source remittances (DAS).

Nothing has been done so far and I need your team to proceed with the declaration of wages and the processing of remittances at source (DAS).

To confirm that our records are up to date, please let us know how often you report DAS source remittances.(Required)

Annual

Quarterly

Monthly

I don't know

Indicate the salaries to be declared for each employee

Employee name

Annual salary

Comments

Dividends

Only shareholders can receive dividends.

If your company declared dividends during the fiscal year, there are several factors to consider:

Accounting entries must be made
At the end of the year, you'll need to produce the following slips
It is your responsibility to forward the slips to the shareholders.
It is also your responsibility to forward the slips to the governments.

In the past, paying dividends was very tax-efficient. However, with the various tax reforms of recent years, it is very rare for dividend payments to remain advantageous. To find out more, talk to your account manager!

Finally, be sure to check the important dates to avoid penalties and interest.

Describe your situation regarding dividends declared during the fiscal year(Required)

There are no dividends to declare for the fiscal year.

There are dividends to declare for the fiscal year and I've dealt with your team for my bookkeeping and the dividend declaration is up to date!

I manage dividend payments internally and take care of filing the dividend declaration (there's nothing to do).

I manage dividend payments internally, but need your team to file returns

Nothing has been done yet and I need your team to declare the dividends.

Indicate the dividends to be declared for each shareholder

Shareholder

Dividends

Comments

Government forms to produce

Each calendar year, companies must produce various forms and submit them to governments.

There are two main categories of responsibility to consider:

Salaries and deductions at source
Dividends

Each of these elements triggers forms to be produced and sent to governments.

Be sure to check the important dates to avoid penalties and interest.

Describe your situation regarding government forms to be produced(Required)

No government forms required

I have a TURNKEY package and your team is already taking care of everything.

There are some government forms to produce, and I need your team's help.

There are some government forms to produce, but I'll take care of them internally.

Please select all the forms you would like our team to produce for your company

Payslips / ARC / T4

Salary slips / Revenu Québec / RL-1

Salary summaries / ARC / T4 Summary

Salary summaries / Revenu Québec / Summary 1

Dividend slips / ARC / T5

Dividend slips / Revenu Québec / T5

Please note that the following forms are not included in the list, as they will be produced at the end of your company's fiscal year (and not at the end of the calendar year):

Corporate tax / ARC / T2
Corporate income tax / Revenu Québec / CO-17
Commodity Taxes / Revenu Québec / GST & QST Report

Even if your company's fiscal year-end is December 31, the same date as the calendar year-end, we still use two separate forms to process your company's fiscal year-end and calendar year-end obligations.

Comments