Payroll

What if one of your most underutilized advisory tools was already right at your fingertips? In our recent webinar, Leveraging Payroll Data for Smarter Financial Decisions, we explored how Canadian bookkeepers and accountants can tap into payroll data to deepen their advisory role, drive better business decisions, and elevate the value they deliver to small […]

Over the last six months, I’ve had the chance to talk to several bookkeepers and firm owners who’ve said the same thing: “I don’t take on clients with payroll.”  Which makes me question why? The reasons are consistent: I do not want to be tied down. It makes it hard to go on vacation. The […]

Vacation pay remains one of the more nuanced areas of payroll for Canadian small businesses — especially as federal and provincial standards continue to evolve. From minimum entitlements to how vacationable earnings are defined, staying compliant can be challenging.  While employment standards laws set the floor, non-union employers still have flexibility in how vacation pay […]

When economic uncertainty hits — whether it’s a dip in demand, rising costs, or global disruptions — Canadian small businesses often feel it first and hardest. Payroll is usually one of the largest expenses on your balance sheet, and managing it wisely can be the difference between weathering the storm and falling behind. As a […]

When running small business payroll, it’s important to understand payroll deductions. Knowing how they’re calculated, and at which point of the payroll process they need to be applied, is essential for remaining compliant, avoiding costly errors, and paying employees accurately. What are payroll deductions? Payroll deductions are the amounts withheld from an employee’s pay cheque […]

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 […]

Does overtime get taxed more in Canada? No, it doesn’t. There are no special rules. No hidden rates — in fact, it’s taxed at the same rate as regular pay. So why might you have employees in your office with their pay stub demanding to know why you taxed them so much for putting in overtime? […]

Mistakes happen. However, there are some lessons that are much better taught than experienced. Payroll is one of those. Payroll errors add up, literally. They aren’t just annoying or embarrassing, a wrong keystroke can carry heavy consequences for your business. It could mean wasted hours and resources to fix the problem — or worse, legal […]

Payroll data holds significant power for your small business. Typically, when thinking about payroll, things like T4s, remittance filing, and paying employees come to mind. But payroll data can be used to make valuable decisions for your small business, too. While it might not be immediately obvious how this kind of data can make an […]

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.

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 — […]

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 […]

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 […]