Canadians aren’t practicing financial fitness. It’s not their fault – transportation, mortgages and food costs have fallen victim to inflation at a year-over-year increase of 6.3 per cent in December 2022. And 47 per cent of Canadians said they have found themselves purchasing cheaper alternatives, brands or items. Meanwhile, over the last six months, more than…
Category: Payroll
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 program account is a simple…
Oracle NetSuite Is Now Fully Integrated With PaymentEvolution
Canadian payroll for Oracle NetSuite is now available from Canada’s most loved service – PaymentEvolution
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 they are adhering to Canadian…
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 and business owner’s efficiency is…
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 opening up will require a…
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 exciting journey to take your…
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, there are five main types…
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 If you haven’t already, you’ll…
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 is unpredictable and things happen…
You must be logged in to post a comment.