If an employer with-holds a total of $35,000 annually from employee payments for Canada Pension Plan contributions, the total required remittance amount to CRA for the year will be:
A) $84,000
B) $49,000
C) $35,000
D) $0
E) $70,000

Question

Quizplus · Accepted Answer

For Canada Pension Plan (CPP) contributions, employers must match the amount withheld from employee payments. Therefore, if $35,000 is withheld from employees, the employer must also contribute $35,000, making the total remittance $70,000.

If an Employer With-Holds a Total of $35,000 Annually from Employee