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Would you know when a mistake has been made on your pay? How long would it take you to catch an error in your pay cheque? Did you know the federal government offers a course for their employees called Demystifying…
Does your company discourage employees from discussing pay? Employers may not like when employees talk about wages but they can’t actually mandate or enforce policies that specifically prohibit it. Unfortunately, the traditional stigma against discussing pay among coworkers is a…
In February the House of Commons Standing Committee on Finance (FINA) released a report for the Minister of Finance with budgetary considerations. The Canadian Payroll Association announced that this report makes two recommendations that could impact payroll, and are working…
What are the chances that my company will be audited by the Canada Revenue Agency (CRA)? At least 1 in 100 businesses get investigated every year. Many are left in a panic when the inquiry letter arrives. How long should…
Nobody expects to be audited, but with at least 1 in 100 businesses being investigated every year, many are left in a panic when they receive the inquiry letter. Keeping accurate records of the following will help you pass any…
Along with knowing the holiday calendar and processing dates for the upcoming year, here are some important payroll specific dates to remember: The Payroll Deductions Online Calendar (PDOC) is updated January 1 and July 1 Individuals and sole proprietors must…
According to Statistics Canada, more than 6 million Canadians worked from home throughout the year due to COVID-19 who would not normally do so. As a result, the Canada Revenue Agency (CRA) has simplified the work from home tax claim…
Are you looking for top talent but worried you can’t pay top salary? There are other ways to attract and retain employees beyond offering the highest salary. More and more employees are looking for things like work-life balance, benefit plans,…
Does your company have a financial wellness plan? It may be something you should look into. A study conducted by the Canadian Payroll Association says that about half of working Canadians are living paycheque to paycheque. This can lead to…
Depending on the type of business you operate, payroll could very well be your biggest expense, and possibly your most time-consuming task. But at what point does it make sense to outsource your payroll processing? Here are three hints that it…