Payroll

Payroll year-end can feel overwhelming for many Canadian small business owners — especially when you’re juggling T4s, taxable benefits, and making sure every dollar paid throughout the year has been recorded accurately. But here’s the good news: you don’t have to tackle it alone. Your accountant or bookkeeper is your year-end teammate and they can […]

As the holiday season approaches, many workplaces are organizing celebrations, gifting employee gift cards, and planning bonuses. It’s a great time to recognize your team but also the time of year when taxable benefit mistakes happen most often. Let’s be honest: nothing kills the holiday spirit quite like discovering your office Christmas party has become […]

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 […]

This year, I had the privilege of connecting with Canadian accountants and bookkeepers at numerous conferences and events — from NPI’s Frontier Conference, National Bookkeeping Week, and National Payroll Week to Accountex Canada, CPB IGNITE, Xero Roadshows, and more. One thing became clear at every conversation: payroll is no longer a back-office function — it’s […]

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 […]

You’re about to make your first hire. It’s a huge step for your business — It also means you need to figure out payroll — and if you’ve never done it before, the timing can feel unclear. If you’re not sure where to start, you’re not alone. In this first episode of Payroll 101, Wagepoint […]

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 […]

The last quarter of the year can feel chaotic for small business owners. Tasks are piling up, year-end reporting is looming, and it’s tempting to stick with what you know just to get through. But this is also the time many stop to ask: is it time to switch payroll providers? Staying in your comfort […]

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 […]