Can I wait until the T2 is prepared to remit payroll deductions?

Arsen Accounting Services · Prepared October 29, 2026

Corporate records and payments: 10 tax questions · Browse the 100-article collection

Keep payroll on its own calendar

Payroll withholding and remittance obligations arise from the payroll arrangements and assigned remitter rules, not simply from the corporate year-end. Track pay dates, amounts withheld and remittances throughout the year. Give the preparer account correspondence and identify any missed or disputed payment. A clean T2 file does not by itself establish that payroll obligations were completed.

Reconcile the liability to the CRA account

Match payroll summaries, the general ledger and CRA payment records. Investigate differences instead of clearing them with an unexplained entry. If a payment went to the wrong account, retain the correction correspondence. This creates a reliable starting point for year-end slips and prevents a payroll balance from remaining hidden until corporate tax preparation.

What to gather before the review

• Payroll registers and pay dates
• Remittance schedule and payment confirmations
• CRA payroll statements and unresolved notices

Will filing the T2 fix overdue payroll remittances?

No. Payroll is a separate obligation. Identify the outstanding amounts and periods and address the account directly rather than waiting for the annual corporate income-tax filing.

Your next step

Check the CRA remitter classification and reconcile wages, deductions and payments each period.