Understanding the 2023/2024 Canada Dental Benefit Update

We’re diving into an essential topic for Canadian families – the Canada Dental Benefit. This interim benefit, introduced by the Canadian government, is a significant stride towards reducing dental care costs for families. Tailored for those earning less than $90,000 annually, it’s designed to support parents and guardians who bear […]

QPP Enhancement 2024: Your Employer’s Guide

Recently, we posted an Employer’s Guide for CPP Enhancement 2024, and our readers have asked for details on the QPP enhancements that are also underway. The Québec Pension Plan (QPP) is a cornerstone of financial security for workers in Québec, providing a compulsory public insurance plan for individuals aged 18 […]

CPP Enhancement for 2024: What Employers Need to Know

The Canada Pension Plan (CPP) began enhancement and modifications in 2019. The goal of the enhancements is to ensure that Canadians have access to higher benefits and greater financial stability through a small increase in the amount they contribute to the CPP.  This post aims to unpack the Canada Pension […]

PaymentEvolution Signs the Declaration for Payroll

The Declaration for Payroll Adhering to established standards is crucial for any fintech business. That’s why we at PayEvo are proud to have signed the Declaration for Payroll by the National Payroll Institute. This declaration lays down eight essential principles of professional payroll, aligning well with our mission of delivering […]

Adjusting Payroll Schedules for October’s Statutory Holidays

Canadian businesses face a change in their payroll processing schedules due to two significant observances in October 2023—National Day for Truth and Reconciliation on October 2nd, and Thanksgiving on October 9th. These holidays are set to provide a moment of reflection and gratitude. However, as with any stat holiday, adjustments […]

Quickly Hire Your First Employee: Create a Job Posting  

So you’ve prepped and thought hard about what your business needs from its first employee.  Now you’re ready to start the search for the right candidate. What should you be looking for? And where should you start? This step will help clarify what you need, and it’s one of the […]

Hiring Your First Employee: 6 Easy-to-Use Steps

Is your small business at the tipping point where an extra set of hands could make all the difference? Hiring your first employee is a significant milestone, signalling growth and opportunity. However, this step comes with new responsibilities and considerations. This guide will walk you through the crucial aspects you […]

Effortlessly Register for Your CRA Payroll Account in 2023: Expert Advice

The CRA payroll account is a crucial tool for business owners in Canada who want to pay employees or themselves. Business owners need to register for a payroll account to deduct and submit their payroll remittances to the Canadian Revenue Agency. Thankfully, our team of payroll experts here at PayEvo […]

What is Year-to-date (YTD) Payroll: The Detailed Guide

Dive deep into understanding what is Year-to-date (YTD) Payroll with our comprehensive guide. Discover its significance in Canadian payroll management and how it impacts your business. Essential read at PaymentEvolution’s blog.