If your business stops operating or the partner or proprietor dies, you should do the...

90.2K

Verified Solution

Question

Accounting

If your business stops operating or the partner or proprietor dies, you should do the following:
2 points
Remit all CPP contributions, El premiums, and income tax deductions withheld for the former employees to your tax centre within seven days of the day your business end
Give copies of the T4 or T4A slips to your former employees
Issue a ROE for each former employee. You generally have five calendar days after the end of the pay period in which an employee's interruption of earnings occurs to issue a ROE to former employees. Employees can view their ROE using their My Service Canada Account. For more information, see Record of Employment (ROE)
all of the above is correct
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students