you need to enter your Business Number (BN) & Payroll CRA Account Number. A BN is a 9-digit unique number that CRA assigns to your business that acts as a Tax ID. BN is not mandatory for every business, but you will need to get one if you are hiring...
So if two employees are getting paid the same rate and same number of hours, their tax calculations would be different if one employee is a new hire, and the other employee is not and has pay history. Refer to the information in the CRA’s handbook. The calculations are in the GP ...
The payroll process can be a hassle. It’s filled with time-consuming tasks, lots of legislation and rules, remittances to the Canada Revenue Agency (CRA) — and all just to ensure the amazing people that make up your workforcereceive their pay cheques. And payroll software is on the job...
Before we get to the how of registering your business, here are some of the key things you get from registering your business on a federal level with the CRA include your: Business number (BN)— A 9-digit number that’s like a Social Insurance Number for your business. It’s used to ...
Payroll year-end has a way of making even the most fearless small business owners feel like castaways, adrift in a sea of payroll paperwork with the Canada Revenue Agency (CRA) looming on the horizon. It’s like being stuck on an island, Tom Hanks-style—frazzled, isolated, and just wait...
The remainder of net line number cannot reference a deduction direct deposit link. When you need to have a deduction direct deposit in prenote status, inactivate the account in the Employee Deduction Maintenance window. This prevents the system from deducting the ...
EFILE and remit payroll taxes with the CRA or Revenu Québec, right in QuickBooks.** Time tracking that pays off Account for every billable hour with time tracking seamlessly integrated with payroll.** Easy access for your team Give your team easy access to digital pay stubs, year-end forms...
In order to meet Canada Revenue Agency ("CRA") requirements and to support the Payroll Guarantee, Wave will retain payroll records and related data for a period of no less than 7 years. Our use of Personal Information, as well as our data handling and retention processes, is outlined in ...
Payment options:You might be able to pay employees via direct deposit into their bank account, pay in multiple currencies, or offer same-day and next-day payments for contractors. Payroll tax filing:Many solutions will support your tax filing for federal or local taxes with the IRS, CRA, and...
‘Tis the season to fill out or generate these forms to hand off to the Canada Revenue Agency (CRA) and your employees, so we thought it’d be handy to have the information you’ll need in one place. Whether you’re doing so manually or using a payroll software like […] ...