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…
Tag: tax deductions
Payroll Deduction Remittances in Canada: Everything You Need to Know
Let’s face it – we all know our net income is a whole lot less after the Canada Revenue Agency takes its piece of the pie. As an employee, you want a breakdown of Revenue Canada payroll deductions and as a business owner, HR payroll specialist, bookkeeper, or accountant, you need to explain those deductions…
Deducting Home Office Expenses During COVID
Across the country, Canadians continue to cope with COVID-19’s second wave and as a result, many employees are still working from home while others are back at home after a brief stint in the office. As well, a number of companies have already let employees know they’ll be home-based well into 2021 with some suggesting…
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