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Changes to the way employers deduct Canada Pension Plan (CPP) contributions are coming into effect January 1, 2012.
The CRA can assess you for failure to deduct CPP contributions or for failing to remit CPP contributions to the CRA as required. The assessment may include penalty and interest charges.
Learn more about the changes here.
For further information, please contact your local MNP Tax Advisor.
Related Topics:Personal Tax; Employees
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