Sentences with phrase «unremitted deductions»

Not exact matches

There is an exception to this, with regard to statutory deemed trusts for source deductions, such as Canada Pension Plan, Employment Insurance premiums and unremitted income tax (s 67 (3) BIA).

However, despite a bankruptcy, directors may still be liable for unpaid wages, unremitted payroll deductions, employment insurance, Canada Pension Plan premiums and contributions, and for dividends paid or other transactions that do not meet a financial test if the company is insolvent, among others.

If the sales agents are successful, the company could face large liabilities relating to unpaid wages (including overtime, vacation and public holiday pay) and unremitted income taxes and other required deductions.