In the course of preparing the 2025 financial statements for your organization, you may recall that it was necessary to declare management salaries in addition to any salaries or wages you may have paid to regular employees.
If you have not made any payroll remittances for 2025 for your management salaries, please contact Ryan Lore at the email address or phone number listed below.
If you plan to remit only a nominal amount of income tax, you should be aware that CRA now places a heightened emphasis on assessing interest on the difference between the tax actually paid and the theoretical amount to be remitted according to the Canada Revenue Agency’s published withholding guides. Consequently, in today’s tax environment, it is preferable to make regular monthly remittances throughout the year, rather than a single payment once a year (whether nominal or otherwise). Please contact us if you require further assistance on this matter.
In order for Lohn Caulder LLP to prepare your 2025 T4s, we will require the necessary information by no later than the end of January 2026. This information would include a summary of your calendar-year payroll records. The filing deadline for T4s is March 2, 2026 and it is your responsibility to ensure that this filing deadline is met to avoid penalties.
Electronic filing of T4s is now mandatory. Therefore, once we have received and processed your information, we will electronically file the T4 Information Returns to the CRA. The copies which you later receive from us will be strictly for your own files, and your employees if applicable.
The WorkSafe BC Annual Payroll Report and Payments are typically due between the end of February and early March. If you are required to file for 2025 and would like our assistance in doing so, please send any relevant information to our office so we can file on your behalf.
The filing deadline for Employer Health Tax returns is March 31, 2026. For 2025, employers with BC salaries less than $1,000,000 are exempt from paying any Employer Health Tax. If you need assistance in filing the return, or need to register due to salaries exceeding the 2025 exemption amount, please contact our office.
Mr. Ryan Lore of our office is in charge of T4s – please contact him if you have any questions. Ryan’s email is rlore@lohncaulder.com, and his direct dial telephone is 604-408-3079.
Thank you in advance for your assistance and co-operation.