In this post, we’ll outline the types of payroll deductions you need to make, along with which kind of remittance schedule you’ll need to follow. As advocates of simple, fast, friendly payroll, we’ll do our best to try to make this as painless as possible.

Did you know that cloud-based accounting practices are nearly twice as likely to experience revenue growth? In fact, a staggering 74% of practices using cloud-based accounting solutions reported an increase in revenue. Technology is more than a convenience, it’s a catalyst for growth. In our recent webinar, “How Technology Fuels the Success of Bookkeeping and […]

Payroll is a tall order for businesses of all sizes, but especially small business owners. The payroll process is complex. It’s filled with time-consuming tasks, lots of legislation and rules, remittances to the Canada Revenue Agency (CRA) — all on top of running your business.  To help simplify the payroll process, there are a variety […]

Advances in technology have transformed every industry, and payroll is no exception. Artificial Intelligence (AI), machine learning, and automation have revolutionized payroll processing, but one thing remains unchanged — human expertise is irreplaceable.  Adopting payroll automation isn’t just about using new tools; it’s about evolving your role. By embracing technology, bookkeepers and accountants can move […]

Whether you’re bringing on your first hire or your fiftieth, it’s important to know the difference between an employee and a contractor. Why? Because misclassifying workers can lead to payroll headaches, tax troubles, legal issues and compliance issues. The Canada Revenue Agency (CRA) holds employers responsible for getting this right, so understanding the key differences […]

Sometimes, you just need a straight answer to a payroll question that doesn’t sound like an accounting textbook (no offence, accounting textbooks). So, to empower you with the knowledge and confidence you need to tackle tax season for your small business, we’ve done the digging and teamed up with Wagepoint’s friendly payroll tax experts — […]

Introducing tax form amendments You must send the CRA amended slips if you already filed the slips and you want to correct them because you know the information in any box or code is incorrect. Tax form amendments: Making changes with Wagepoint 2.0. So, you’ve submitted your T4 Statements of Remuneration Paid (we’ll call them […]

Payroll is often seen as an add-on service for bookkeepers and accountants, secondary to their core work. However, it can be a powerful service for growing your business, especially when serving small businesses. After all, small businesses make up 46.8% of private sector employment in Canada — that’s over 5.7 million people relying on payroll. […]

As a Canadian small business owner, staying compliant with the Canada Revenue Agency (CRA) is a crucial part of your role, and your employees rely on you to get it right. In 2025, this now includes navigating updates to CPP2, the second phase of the Canada Pension Plan (CPP). Much like the endless follow-ups to […]

For many small businesses, payroll year-end is the ultimate test of endurance — a high-stakes challenge where mounting deadlines, complex regulations, and the risk of costly penalties converge. It’s no wonder so many business owners dread this time of year. The stress can feel overwhelming, like battling a relentless force of Kryptonite. But this is […]

While QuickBooks Payroll may be one of the more popular choices, it’s not the perfect fit for everyone. Most of the pages you’ll read online about QuickBooks and their top competitors are more focused on the U.S. market. That’s why we’ve tailored this specifically to the needs of Canadian small business owners and bookkeepers.  So, […]

While ADP Payroll is one of the better-known options for payroll services, we’re here to guide you through the best Canadian ADP Payroll alternatives on the market and why people look for alternatives in the first place. You’re a busy business owner, and you need the best possible fit in payroll software. Let’s dive into […]

The Wagepoint 2023 Canada Small Business Payroll Calendar gives you a year-long overview of key small business payroll deadlines so you can focus on running your business without worrying about missing important dates.

Payroll year-end has a way of making even the most fearless small business owners feel like castaways, adrift in a sea of payroll paperwork with the Canada Revenue Agency (CRA) looming on the horizon. It’s like being stuck on an island, Tom Hanks-style—frazzled, isolated, and just waiting for a volleyball named Wilson to show up […]

As the year comes to an end, it’s easy for small business owners to get laser-focused on tying up loose ends. From finalizing financials to ensuring compliance, the checklist can feel endless. While year-end checklists are essential, it’s just as important to take a moment to pause, reflect, recharge, and set your business up for […]