Re: CIBC Calgary June Government Payment

From
Germaine Daniels <germaine.daniels@thekey.com>
To
brian.fialko@thekey.com
CC
Chuck Terlesky <cterlesky@thekey.com>, Michael Jichetti <michael.jichetti@thekey.com>, Steve Kearley <steven.kearley@thekey.com>, Timothy Thomas <tt@thekey.com>
Date
2024-07-08 08:50:10
Folder
INBOX
--000000000000f0db70061cbe5e87 Content-Type: multipart/alternative; boundary="000000000000f0db6f061cbe5e86" --000000000000f0db6f061cbe5e86 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable It=E2=80=99s my understanding this is more worker=E2=80=99s compensation ra= ther than payroll taxes. Germaine DanielsPayroll Director germaine.daniels@thekey.com Phone: 562-380-3662 TheKey.com On Mon, Jul 8, 2024 at 8:29=E2=80=AFAM wrote: > Thank you both for pulling this. Would we consider this a Caregiver > payroll tax expense? > > > > *From:* Timothy Thomas > *Sent:* Monday, July 8, 2024 11:23 AM > *To:* brian.fialko@thekey.com > *Cc:* Chuck Terlesky ; Germaine Daniels germaine.daniels@thekey.com>; Michael Jichetti michael.jichetti@thekey.com>; Steve Kearley > *Subject:* Re: CIBC Calgary June Government Payment > > > > See attached. Chuck was able to share the doc with me. > > *Tim Thomas* > > Head of Canada Division > > *Please note my email has changed:* > > tt@TheKey.com > > (514) 591-9387 > > *TheKey.ca * > > [image: TheKey] > > > > > > On Mon, Jul 8, 2024 at 4:18=E2=80=AFPM wrote: > > Hi Germaine, > > > > Do you happen to know if the $702.74 Calgary 200437 CIBC June disbursemen= t > is related to payroll tax for Calgary? Thank you : ) > > > > > > > > *From:* Michael Jichetti > *Sent:* Monday, July 8, 2024 11:07 AM > *To:* Timothy Thomas > *Cc:* Chuck Terlesky ; Steve Kearley steven.kearley@thekey.com>; brian.fialko@thekey.com > *Subject:* Re: CIBC Calgary June Government Payment > > > > Could be payroll related as I did not make any payment for that amount. > Income tax payments were not made until the end of June and GST/HST is mu= ch > higher than that. Also for GST/HST we pay through wire as Steve can attes= t > to not through the GPFS system. Thank you > > > > corporations have to file corporate taxes 6 months after the end of the > corporation=E2=80=99s tax year and pay in monthly or quarterly installmen= ts. > Businesses also need to remit and file other provincial and federal taxes > such as HST, GST, PST and payroll source deductions, and pay in monthly, > quarterly or annual installments. If you=E2=80=99ve ever forgotten to fil= e your > business taxes on time, you know the federal or provincial government > charges a late payment penalty fee. > > CIBC=E2=80=99s Government Payment and Filing Service (GPFS) is a convenie= nt way to > report and remit federal and provincial business taxes. There are no > set-up or monthly fees to use GPFS, and it complements the services that > come with your CIBC Business Operating Account > . > > > > On Mon, Jul 8, 2024 at 10:49=E2=80=AFAM Timothy Thomas wr= ote: > > Unfortunately I don=E2=80=99t know and Chuck is on PTO > > > > I Googled GFPS and it could be a year end tax payment /hst / tax > instalment. > > *Tim Thomas* > > Head of Canada Division > > *Please note my email has changed:* > > tt@TheKey.com > > (514) 591-9387 > > *TheKey.ca * > > [image: TheKey] > > > > > > 

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