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Alberta payroll compliance comes with its own rules, from vacation pay to daily overtime and statutory holiday eligibility. This checklist keeps your business compliant and your team paid accurately. Prefer paper? Download the printable PDF here. Let’s get started. Step 1: Obtain a Payroll Account Number (BN) Registering for a payroll account with the Canada […]

KEY POINTS:  2FA is required to log in as of July 31, 2025  for 1.0 users Action: Set up 2FA Instructional links: For employees / For everyone else Starting July 31, 2025, Two-Factor Authentication (2FA) will be required for all Wagepoint 1.0 users. This extra layer of security helps protect your account by making sure […]

In case you’ve missed it, there are some tax changes coming your way on July 1st, 2025.  Wagepoint will be updating our systems (both 1.0 and 2.0) on July 1 to accommodate the changes listed here in the CRA’s guide: What’s new for July 1, 2025 The good news is that there is nothing for […]

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 […]

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 […]

2024 is right around the corner and that means new year, new… batch of holidays to load into Wagepoint! All jokes aside, to set yourself up for a smooth payroll road ahead, be sure to load all the federal and provincial holidays before processing your first payroll for 2024 in the Company > Company holidays […]

As the year draws to an end, you may find yourself wanting to show your appreciation by offering an employee bonus. If it’s a fit for your company culture and budget, it’s a great thing. But it also made us curious about who gives employee bonuses and why?  General Trends for the Employee Bonus Accounting […]

Commercial insurance is vital for managing business risk. But since no one can predict the future, shopping for a business insurance policy quickly becomes a nerve-racking game of, “Do I need this or not?” This anxiety about business coverage is justified. Business owners are in danger of either under- or over-insuring their businesses. The former […]

The end of the year comes with a lot packed into a short timeframe — holiday shopping, quality time with loved ones, making sure you don’t end up on Santa’s Naughty List… When you run a small business, working on your payroll year-end is another thing you have to make time for. The sooner you […]

McRally is a Calgary-based boutique advisory firm that focuses on growth and profitability for small and medium-sized businesses. Their custom-tailored solutions around business strategy, tax, accounting and finance help drive their clients’ business towards success — including implementing payroll as a function of business success with Wagepoint. McRally clients come from a range of industries. Note: […]

This post is written for self-employed sole proprietors in the United States. For the Canadian version, click here.  The most common form of small business ownership, a sole proprietor (sole proprietorship if you’re being formal) is an “unincorporated business” where the owner literally owns the entire business. As such, for tax reasons, the business and its […]

Whether you process payroll in-house using payroll software or manual methods, there are five key payroll functions you need to account for as a small business owner. These payroll features are common to small business owners in the US or Canada. Need help finding the perfect payroll provider? Use our 5-point qualification checklist to get […]

It’s the most wonderful time of the year… Well, perhaps not the MOST wonderful time of the year — especially for payroll professionals.  Year-end is fast approaching and with it comes the often daunting task of generating tax forms T4, T4A, and Relevé. Then, no later than February 28 (February 29 on a leap year), […]

You’ll need to figure out how to pay your employees, even if you only have one employee to pay.  You might think that the manual method of cutting checks to your employee(s) and the government makes the most sense, because you have so few employees on payroll. But, if you lay the right groundwork for your […]

Updated February 2018 Becoming an entrepreneur is full of ups and downs. There’s the fun stuff, like interacting with customers, creating awesome products, and living the entrepreneurial dream. But there’s also the not-so-fun stuff — like paying your business taxes. Tax season doesn’t have to be a nightmare, especially if you plan ahead. Learn how […]