The entrepreneur has which of the following responsibilities regarding taxes?
A) withhold and remit federal and provincial income taxes for employees
B) pay employer's portions of Employment Insurance (EI) and Canada Pension Plan (CPP) premiums
C) file end-of-year tax returns
D) withhold and remit employee's portions of Employment Insurance (EI) and Canada Pension Plan (CPP) premiums
E) All of the answers are correct.

Question

Quizplus · Accepted Answer

Entrepreneurs are responsible for withholding and remitting income taxes, EI, and CPP for employees, paying the employer's portions of EI and CPP, and filing end-of-year tax returns.

The Entrepreneur Has Which of the Following Responsibilities Regarding Taxes