There’s a lot more to Payroll that just cutting cheques…Once you’ve hired people to work for you, one of your responsibilities as an employer is to pay them properly. This means complying with the requirements of the Canada Revenue Agency and making and remitting the correct payroll deductions.
In this webinar you will learn to Karen Knoblich from Cougar Ridge Bookkeeping shares how to:
Open and operate a payroll account with the Canada Revenue Agency (CRA).
Collect required information from employees, such as their social insurance number (SIN) and a completed federal and provincial TD1 form.
Calculate the appropriate payroll deductions from employees’ pay each pay period.
Remit these payroll deductions, along with the employer’s share of Canada Pension Plan (CPP) contributions and Employment Insurance (EI) premiums, to the Canada Revenue Agency as required.
Report each employee’s income and deductions on the appropriate T4 or T4A slip and filing an information return on or before the last day of February of the following calendar year.
About your instructor
Cougar Ridge Bookkeeping Services was founded in 2009, by owner, Karen Knoblich, as a home-based business. She has over eleven years of bookkeeping experience with some of that time working in an accounting firm. She knows what your accountant wants!