Employers that fail to meet payroll obligations can face penalties from CRA
Payroll is a profession built around compliance. Those who work in payroll have to adhere to numerous rules set out in dozens of acts and regulations at the federal and provincial/territorial level, each with their own requirements and consequences for failing to fulfill the obligations.
Knowing the potential penalties and sharing them with an organization’s key decision-makers can be an effective way to make sure an employer follows the rules. Here is a look at some of the main payroll-related penalties the federal government can levy.
