PAYROLL SERVICES

Payroll Services

The Canadian payroll regulations change at both a federal and provincial level and can often be a difficult task for organizations that are unfamiliar with these regulations. Our team is knowledgeable of these regulations and keeps abreast of all changes. We are here to alleviate the payroll task from you, so you can run your business effectively.

We will share the applicable labor laws with you that include:

• Minimum wage;
• Termination pay;
• Vacation pay;
• Overtime and hours of work;
• WSIB and workers insurance;
• Union dues and deductions (if applicable)

Our Payroll services include:

• Issue payroll on a weekly, bi-weekly, semi-monthly, monthly basis;
• Creation of Record of Employment (ROE) for previous employees;
• Representation to the CRA for all payroll matters;
• Creation of paystubs every employee, including a breakdown of applicable Canadian taxes;
• Creation of annual T4 and Conditions of Employment Report & Distribution;
• Direct deposit payroll for employees from a Canadian account or cheque printing;
• Monthly Source Deduction Calculation and instructions for remittance;
• Creation of payroll receipt for CRA correspondence;
• Operation of a trust account for employee payroll distribution.

Sub-Contractor and Commission Wages (T4A, T5018)

Payments of $500 or more made to independent contractors and freelancers must be declared to the CRA via a T4A or T5018 by the end of February of the following year.

Dividends Pay (T5)

Payments made to a corporation’s shareholders must be declared to the CRA via a T5 slip by the end of February of the following year. The shareholders payments need to be categorized as eligible or ineligible payments.

Interest Pay (T5)

Interest payments made to investors must be declared to the CRA via a T5 slip by the end of February of the following year.