Canadian federal and provincial payroll regulations are constantly evolving and can be challenging for unfamiliar businesses.
We will share all applicable labour laws pertaining to:
Hours of Work and Overtime
WSIB and other Workers Insurance
Union Dues and Deductions
Canadian federal and provincial payroll regulations
We provide a wide range of payroll services by using the latest payroll software with fully updated deduction rates.
Weekly, bi-weekly, semi-monthly, monthly payroll issuance
Paystub creation for each employee and breakdown of applicable Canadian taxes
Monthly Source Deduction Calculation and remittance instructions
Record of Employment (ROE) creation for employees who are no longer employed
Annual T4 and Conditions of Employment Report & Distribution
Receipt of payroll CRA correspondence
CRA representation regarding payroll matters
Direct deposit payroll for employees from a Canadian account or printing of cheques for pick-up
Operating a trust account for employee payroll distribution
Source deduction and CRA fee payments from trust account
Sub-Contractor and Commission Wages- T4A, T5018
Subcontractor and Commission Wages T4A, T5018- Payments of $500 or more made to independent contractors and freelancers should be declared to the CRA through a T4A or T5018 by the last day of February in the following year.
Dividend paid- T5- Payments made to corporate shareholders have to be declared to the CRA through a T5 slip by the last day of February in the following year. These payments need to be categorized as eligible or ineligible dividends accordingly.
Interest paid T5- Interest Paid to investors should be declared to the CRA through a T5 slip by the last day of February in the following year.
Payments from Trust-T3
Payments from a Trust T3- Income from dividends, interest and capital gains issued from a Trust is declared through a T3 slip.
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