Response to the following problem:
The Controller, Alona Ambrose, has received a notice from the Canada Revenue Agency (CRA) advising that the organization will be changing from an Accelerated threshold 1 remitter to an Accelerated threshold 2 remitter effective with the first pay of the new year. Alona has asked you to provide an explanation of why this change has occurred.
In addition, she wants to understand how this will impact our statutory remittance schedule. Using the Current Year calendar in the course material, provide specifics of when the remittances are due for our January and February bi-weekly payrolls starting with our first pay date of the new year which is Friday January 5th.