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Payroll

The Best Payroll Software in Canada 2022

We’ve checked out the most popular payroll software applications in Canada to help you choose which works best for you. Read on for our recommendations.

Paul Sharpe, CPA, CA
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Nov 11, 2022

Employment Insurance Benefits for Business Owners

In this article we’ll look at employment insurance benefits and how they relate to corporate or self-employed business owners.

Paul Sharpe, CPA, CA
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Oct 17, 2022

Employee Vs Contractor - What's the Difference?

This article will explain the difference between hiring an employee vs hiring a contractor. We'll also explain the benefits of hiring a contractor and the benefits of hiring an employee.

Paul Sharpe, CPA, CA
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Nov 17, 2022

Employee Gifts - Tax Implications of Giving Gifts to Staff

In this article we explain the tax implications of employee gifts and bonuses. We’ll look at the different kinds of gifts and their tax treatment for both the employer and employee.

Paul Sharpe, CPA, CA
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Nov 23, 2022

How to Use the CRA Payroll Deductions Calculator

If you’re looking for a simple way to calculate payroll taxes and net pay for a single employee, the CRA payroll deductions online calculator is often the quickest option. This article will give detailed steps showing you how to use the CRA payroll deductions online calculator.

Paul Sharpe, CPA, CA
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Jun 24, 2019

How to Pay Your Employees

So you’ve hired your first employee. Work is getting done and you don’t have to be the person to do it all!  Now that you have all of this free time... (◔_◔) let’s take 5 minutes to understand how to pay your employee.  

Paul Sharpe, CPA, CA
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Mar 5, 2018

How Much Should I Pay Myself as a Business Owner?

We get asked this question a lot. And for good reason, it’s not always clear how much you should be taking home as an owner. Too much and you will starve your company of cash. Too little and you might as well just get a job. It’s a tough balancing act, but this article will give you a framework to answer the question for yourself.

Joe Collins, CPA, CA
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May 2, 2018

Salary Vs. Dividends: How to Pay Yourself from Your Corporation

Salary vs. Dividends, which is better? This article will look at the difference between paying yourself a salary or paying yourself dividends. We'll discuss the main advantages and disadvantages of each and look at some common scenarios for when a business owner may choose one method over the other.

Paul Sharpe, CPA, CA
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Jul 16, 2022

Home Office Expense Deductions for Employees (COVID Updates)

This article will explain the changes relating to home office expenses that can be claimed by employees who worked from home in 2020.We’ll look at the different claiming methods and forms and when to use them, what employers need to do and what expenses employees can claim.

Paul Sharpe, CPA, CA
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Jan 14, 2021

How to Change Payroll Frequency

We come across this issue fairly often. A business has set up payroll and decided on a payment frequency, but circumstances have changed and a change in pay frequency is needed.This is fairly easy to accomplish; however, the changes affect how employees are paid so it must be handled with special care.

Khine Thwe, CPA, CGA, FCCA
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Nov 23, 2020