Payroll

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.

T4s, T4As and Relevés — what do they have in common, other than the fact that T4A and Relevé rhyme? Or, that you could easily refer to these things as “T4-ehs?” for all the confusion they cause. Don’t worry, this article will help answer some of your most burning questions about these forms. 🔥 What […]

There are so many rules in place for employers when it comes to payroll in Canada. And the fact that they vary across provinces or can be influenced by the federal government can make it even more confusing. Even the rules have more rules, so we don’t blame business owners for having so many questions! […]

In 2022, the Canada Revenue Agency (CRA) collected over $38 billion in payroll deductions from Canadian businesses. This significant figure highlights just how important payroll compliance for companies of all sizes is.  As a small business owner in Canada, understanding and following payroll regulations is not only a legal requirement but also a fundamental aspect […]

Payroll management is the set of processes a business undertakes to handle employee compensation. Processing payroll involves tracking and calculating employee hours, deducting taxes, and issuing payments. With effective processes, you can ensure everybody is paid correctly and on time while complying with financial regulations. In Canada, payroll is a tricky territory where human resources […]

When it comes to the unique needs of your business, payroll software features can make or break which platform you choose. It can be a lifesaver or a time-drainer, and we all know which side of the payroll solution coin we’d rather be on. Good payroll software? It gives you the expertise of managing payroll […]

Of all the things that are prone to internal errors in a company, payroll is certainly the most essential. It sustains the livelihoods of all the employees, maintains a brand reputation and minimizes operating costs. But it’s easy to get it wrong.  According to a Ceridian survey, 85% of respondents struggle with payroll technologies, which impedes […]

Have a task or project your small business needs taken care of, but it’s outside your team’s scope? An independent contractor can help get the job done. Taking on the expertise of a contractor helps with handling tasks that your small business team can’t (or can’t yet — we see you doing your thing and […]

One of the most vulnerable assets to any business is payroll data, because it contains sensitive financial details, and confidential employee information. If your payroll data becomes exposed, the consequences will be severe. Think DEFCON 1 type scenario. That’s why we’ve developed this five-step strategy for enhanced payroll security, so your business can be well-equipped […]

If you loathe spending hours on tax forms (and who doesn’t) you might be dreading having to deal with TD1 forms. These might seem like yet another admin task to put on your never-ending to-do list, but they play an essential role in determining how much tax you need to keep back from employee wages […]

If you hire employees, there’s a good chance that one or more of them might become a parent while they’re working for you. It’s important to understand the ins and outs of how maternity and parental leave will affect your small business so you’re not scrambling to figure everything out at the last minute. In […]

If you’re new to the world of payroll, you might have come across one of the common acronyms, YTD. This stands for year-to-date. You might now be wondering how it fits into the overall scheme of things. This is an important calculation in payroll management, so understanding how it works is essential for both your […]

If the thought of calculating the correct pay for your employees is making your palms sweaty, you’re not alone. As a business owner, gross pay versus net pay calculations might feel like payroll Armageddon (especially when there’s a calculation SNAFU). Not to mention, you also need to be able to explain these calculations clearly to […]

Ah, vacation time. Two of the best words in the English language (aside from “paid vacation” that is). But while employees dream about pina coladas and hammocks, small business owners tend to view vacation time (and terms like vacation accrued) as yet another complicated task they need to take care of. Tracking paid vacation time […]

Payroll is a non-negotiable aspect of doing business — it’s also one that you can’t mess up. You’re not only dealing with the livelihood of your employees, but the Canada Revenue Agency (CRA) is pretty unforgiving when it comes to payroll errors. So how can you streamline payroll to optimize processes and pave the way […]