Accounting & Bookkeeping

If you’re an accountant or bookkeeper managing payroll for Canadian small businesses, you know the drill. Year-end is already chaotic enough without adding “will my payroll system survive another year?” to the list of things keeping you up at night. Next year brings higher expectations around accuracy, tighter compliance requirements, and less tolerance for manual […]

As the new year approaches, you’re probably thinking about how your firm can run smoother while giving you more time to build meaningful relationships with your clients.  Many accountants and bookkeepers are turning to AI to streamline tasks and make room for the work that truly matters.  At Wagefest, our annual virtual conference for Canada’s […]

As we head into 2026, payroll is stepping into a bigger role. That means adapting faster, collaborating smarter, and leveraging technology that makes complex work feel simple. At Wagefest, our annual virtual conference for Canada’s payroll and small business community, Steven Van Alstine, VP of Professional Standards and Education at the National Payroll Institute, shared […]

A professional services firm walked into Gondaliya CPA‘s downtown Toronto office in the middle of tax season — not for their usual tax planning or advisory services, but because payroll was eating them alive. Six to eight hours every pay period. Manual calculations in spreadsheets. Two CRA penalty notices totalling $420. Employees questioning their pay […]

Picture this: You’re in the middle of year-end, juggling multiple clients, when you get a letter from FINTRAC. Compliance audit.  Your stomach drops. For Canadian accountants, FINTRAC compliance isn’t optional, and the penalties for getting it wrong are steep.  We’re here to make that process a little easier.  While Wagepoint can’t offer legal or regulatory […]

Having outdated payroll knowledge is like trying to submit your taxes by fax (good luck).  At Wagefest 2025, some of the brightest minds in Canadian payroll, accounting, bookkeeping, and small business came together to share what’s new and what’s worth paying attention to across the industry.  Throughout two packed days, clear themes emerged, revealing where […]

Company vehicles can simplify operations, but before you hand over the keys to an employee, it’s important to understand how the tax implications will impact payroll. Between distinguishing business and personal mileage, calculating standby charges, and managing deductions, it’s easy to make mistakes that cost you time (and possibly penalties).  To get started — and […]

Providing employees with competitive benefits can boost morale and retention — but these perks come with tax implications that many Canadian employers overlook. The Canada Revenue Agency (CRA) closely monitors benefits for errors in taxability, calculations, reporting, and recordkeeping, which can lead to payroll liabilities, penalties, interest, and incorrect T4 reporting. Understanding CRA Benefits A […]

When your payroll and accounting tools don’t talk to each other, you’re stuck juggling spreadsheets, duplicate entries, and hours of reconciliation. Mistakes slip through, reports get messy, and cash flow feels like a guessing game that leaves you wondering if you’ll make your next payroll.  That’s why we’ve teamed up with FreshBooks — the Canadian […]

As an employer, there are many decisions that you’ll have to make when it comes to hiring and paying your employees. Minimum wage, AKA the lowest hourly pay rate that an employer can pay an employee? That’s not one of them. In Canada, minimum wage by province or territory falls under the domain of the […]

For Canadian bookkeepers, year-end payroll season feels like preparing for a marathon at spring pace. T4s, subcontractor payments, taxable benefits, and CRA deadlines all converge — usually accompanied by clients scrambling to send last-minute information.  But it doesn’t have to be chaos. We caught up with our community of bookkeepers, to dig into their battle-tested […]

Picture this: It’s Monday morning and a bookkeeper in Halifax is already fielding calls from clients who forgot to submit their payroll hours again. Meanwhile, across the country, a bookkeeper in Saskatchewan is manually calculating stat holiday pay while simultaneously trying to remember which deduction codes apply to their newest client. Sound familiar? You’re not […]

Ontario payroll compliance comes with its own rules, from provincial Employer Health Tax to daily overtime and statutory holiday eligibility. This checklist keeps your business compliant and your team paid accurately. Prefer paper? Click Download as PDF on the lefthand menu to get a printable version. Let’s get started. Step 1: Obtain a Payroll Account […]

Running payroll in British Columbia comes with its own rules, from provincial Employer Health Tax to daily overtime and statutory holiday eligibility. This checklist keeps your business compliant and your team paid accurately. Prefer paper? Click Download as PDF on the lefthand menu to get a printable version. Let’s get started. Step 1: Obtain a […]

Trying to get in touch with the Canada Revenue Agency (CRA) can feel a bit like navigating a maze, especially when you’re already juggling a dozen other tasks. Whether you’re chasing down a remittance issue, checking the status of an objection, or just trying to update a business address, knowing where (and how) to reach […]