RC107 Remittance Voucher for Current Source Deductions

Remit Payroll Source Deductions On Time<br>To Avoid Penalty Charges

Remit Payroll Source Deductions On Time
To Avoid Penalty Charges

Some payment and remittance vouchers are not available online as they are pre-printed personalized forms using MICR technology.

You can find a list of these forms on the CRA website at Forms and publications> Information about> Forms available only in paper format> Payment forms and remittance vouchers.

CRA also provides some non-personalized forms in paper format only. One of these non-personalized forms is RC107 Remittance Voucher for Current Source Deductions. You must order them from from CRA's Forms and Publications Call Center.

As the title suggests, use the form to remit your current source deduction payment to the CRA if you have lost your PD7A Remittance Voucher - Statement of Account for Current Source Deductions.

Instructions to complete the RC107 Remittance Voucher for Current Source Deductions can be found by on the CRA website at Businesses> Payroll> Remitting deductions> Remittance forms> PD7A, Statement of Account for Current Source Deductions> Bottom of Form PD7A.

You will notice the current payment is the total amount of source deductions you are remitting to CRA.






Source deductions for the period = Total CPP (employer and employee portions) + EI (employer and employee portions) + Income tax withheld at source.






My preference is to NOT use RC107 Remittance Voucher for Current Source Deductions.

PD7A Remittance Voucher - Statement of Account for Current Source Deductions are mailed to you on a regular basis when you register for your payroll number with CRA.

If you are trying to go paperless, you now have the option of registering to use the service E-PD7A, Statement of Account for Current Source Deductions.

However, if you choose this option ... to receive your statement(s) electronically ... you will no longer receive a personalized payment form ...

... which means you will need to remit using form RC107 if your bank does not accomodate online payment or you are not using My Payment.

As a bookkeeper, my preference would be to prepare the PD7A report for the client and have the client make the payment using My Payment ... meaning I don't have to use RC107 at all.

If you are using accounting software such as QuickBooks, print off your PD7A report to assist making / utilizing My Payment> Payroll Source Deductions.

Return to The Bookkeeper's Notes on Payroll Source Deductions.

Comments for RC107 Remittance Voucher for Current Source Deductions

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Sep 16, 2011
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starstar 		Don't use RC107 Remittance Voucher for Current Source Deductions
by: isharegifts

In this essay, I agree with the point of author. Don't use RC107 Remittance Voucher for Current Source Deductions essay. I like the last one.
Dec 01, 2011
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starstarstarstarstar 		Remitting Canadian Source Deductons
by: The Phone Lady

When preparing the source deduction report for the government, do I use the cheque date or the pay date week ending date? For instance:

Pay week ending Nov 26 2011 and the cheque dated Dec 3 2011.

Which of these date do I use if I am paying the November source deductions?



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Hmmm, I'm not understanding the question because you are referring to a pay week and not a pay period.

Weekly payroll remittances are due the 3rd work day after the pay period and the remittance must be done through a Canadian financial institution one full day prior to the due date to avoid penalty charges.

The next option is semi-monthly remittances which are due on the 25th day of same month for pay periods between the 1st to the16th and the 10th day of following month for the pay periods between the 16th to the end of month.

Monthly remitters must file and pay by the 15th day of following month.

When I look at a current source deductions remittance voucher form (PD7A), it is usually asking for the "end of remitting period for which deductions were withheld" ... which would be your payroll period end date NOT the date you are writing the remittance cheque.

So for your example, assuming you are a monthly remitter, the PD7A date would be 201111 (yyyymm).

I hope this answers your question, however, as you didn't leave your email address, I'm not even sure you will see this post.

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