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PD7A - Statement of Account For Current Source Deductions: Canada Revenue Agency

The document is a PD7A statement of account from the Canada Revenue Agency that was sent to an employer. It provides an overview of the different sections of the statement, including the remittance account balance showing amounts paid and unpaid for the year, account summary with transactions since the last statement, and explanations of changes. It also describes arrears account balances for any late or missing payments and how to make payments or notify CRA if there will be no employees for a period.

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2K views3 pages

PD7A - Statement of Account For Current Source Deductions: Canada Revenue Agency

The document is a PD7A statement of account from the Canada Revenue Agency that was sent to an employer. It provides an overview of the different sections of the statement, including the remittance account balance showing amounts paid and unpaid for the year, account summary with transactions since the last statement, and explanations of changes. It also describes arrears account balances for any late or missing payments and how to make payments or notify CRA if there will be no employees for a period.

Uploaded by

corrin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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PD7A — Statement of account for

current source deductions


Canada Revenue Agency 2016-08-03

A PD7A, Statement of account for current source deductions, was sent


:
to you because you have a business with employees, and you are
required to send in Canada Pension Plan (CPP) contributions,
Employment Insurance (EI) premiums, and income tax deductions to
the Canada Revenue Agency (CRA) on their behalf.

Sections of the PD7A explained


Remittance account balance

The remittance account balance is the total paid and unpaid assessed
amounts for the year indicated.

Account summary

The account summary is a record of all the transactions posted to your


account since your last statement. This part of the statement may
contain any of the following:

Remittance account balances


Arrears account balances
Explanation of changes and other important information

Remittance account balances

Remittance account balances is a year-to-date record of the amounts


you have sent in on behalf of your employees (remittances), and any
additional credits. Only the current year amounts are added together to
show you the current balance which also appears in the Remittance
account balance box on page 1.

Arrears account balances


:
Arrears account balances is a record of any money you owe as a result
of late or missing remittances. Do not use any remittance vouchers
attached to the PD7A to make a payment on this amount owing.
Instead, go to Make a payment to the Canada Revenue Agency to see
your payment options or use the source deductions arrears remittance
voucher (PD7D).

Explanation of changes and other important


information

The explanation of changes section of your statement provides a more


detailed written explanation of the changes or corrections made to your
account.

Nil remittance

Your PD7A may also include a Nil remittance form. This form is used to
notify the CRA that you will not have employees for a particular period
or that your account should be closed.

How to remit

Your PD7A includes different payment options. For more information on


how to make a payment, go to Make a payment to the Canada Revenue
Agency.

For more information about payroll, go to Payroll.

Date modified:
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