Hiring your first employee changes how your business deals with the Canada Revenue Agency, or CRA. Before you can deduct and remit income tax, Canada Pension Plan contributions, and Employment Insurance premiums, you’ll generally need the correct business and payroll accounts in place. For a new employer, the terminology can make this process seem more […]

Hiring your first employee is exciting, but it also brings new payroll, legal, and compliance responsibilities. Before the first paycheque goes out, you need to know what to register for, which deductions to calculate, what employment rules apply, and which records to keep. Most first-time employers want to do things properly. The difficulty is knowing […]

Tax slip season can feel a little intimidating when you’re not sure which form goes to which worker. A T4 slip is generally used to report employment income, while a T4A form is used to report certain other types of income, including some payments to self-employed workers or contractors. The distinction may sound small, but […]