Threshold 2 accelerated remitters must remit their deductions electronically or in person at their Canadian financial institution. Amounts you deduct from remuneration you pay any time during the month must be received by your Canadian financial institution no later than the third working day (not counting Saturdays, Sundays, or public holidays recognized by the CRA) after the end of the following periods:

• from the 1st through the 7th day of the month
• from the 8th through the 14th day of the month
• from the 15th through the 21st day of the month
• from the 22nd through the last day of the month

All payments that we received at least one full day before the due date will be considered as having been made at a financial institution, so no penalty will be charged.

Payments made on the due date but not at a financial institution can be charged a penalty of 3% of the amount due.

All payments made after the due date can be charged a penalty calculated at graduated rates.