How to Open a Canada Revenue Agency Payroll Program Account

As a business owner in Canada, you are an employer and need a Canada Revenue Agency (CRA) payroll program account if you pay employees or yourself. You need that CRA payroll program account to deduct and submit your payroll remittances to the Canada Revenue Agency. Fortunately, setting up that payroll […]

Taking Care Of Your Freelancers: Taxes & Compliance

If you currently work with freelancers or plan to in the future, you might find yourself having questions about paying freelancers, since taxes for freelancers look slightly different than for your in-house employees.  Here are some things that you should know about when working with freelancers to help ensure that […]

7 Payroll Mistakes Small Business Owners Make That Hurt Efficiency

Small business owners know that positioning their business to operate in the smartest, most efficient way possible is paramount in creating sustained, long-term success — and at the heart of it, one of the biggest keys to success is efficiency. With that said, a common oversight that hurts a business’s […]

Reopening Your Business: Supporting Your Employees

Making the shift from remote work back to a physical workplace may be a source of anxiety for employees and employers alike. What will the new work environment look like? And how will workers be kept safe from COVID-19?  Part of Canada’s economic recovery involves returning to physical workspaces. Safely […]

Capacity for More Billable Hours

As you take on additional team members or larger bookkeeping tasks as your business expands, necessary tasks like payroll and filling various tax forms can consume a lot of time and impede on the goals that you would like to work towards as a business owner.  Although it is an […]

Payroll Taxes In Québec: What You Need to Know

Taxes are an inevitable part of being an adult. Whether you’re an employee working for a business or an employer yourself, you have to pay taxes.  Of course, location will always affect the taxes you pay and the regulations you have to adhere to. For those who live in Québec, […]

Hiring Your First Employee – Employers In Quebec

As a business in Canada, hiring your first employee involves the Canada Revenue Agency (CRA).  If your business is based in Quebec, you’ll need to get familiar with Revenue Quebec. Especially if you’re planning on hiring your first employee.  So let’s break it down.  Register Your Business With Revenu Quebec  […]

Understanding Buy-Sell Agreements

Let’s paint a picture together, shall we? After years of work and hustle, you and your co-owner have created a successful business together. You’ve achieved all that you sought out to do. Sales are sound. You have employees you can depend on. All seems well.  But suddenly – because life […]

Hiring Your First Employee – Annual T4 / RL-1 Reports

You’ve hired your first employee, set them up on a progression plan, and they’re thriving in your small business. Great work! Next, you’ll be responsible for reporting your employee’s income to the government. Enter the T4 (and possibly the RL-1) slip.  T4 slips and tax season in general often brings […]