EN FR

COMPENSATION
AND BENEFITS

SETTING UP A PAYROLL ACCOUNT

What You Need To Know

The Employment Standards Act clearly outlines an employer’s responsibilities as it relates to:

An employer can only make certain deductions from an employee’s pay.  They are:

An employer cannot deduct any of the employer’s business costs from wages. This includes breakage, damage to company property or loss resulting from a customer leaving without paying.

Why You Need To Know

Paying your employees appropriately is the law. Failure to pay your employees as required could result in employee turnover or could have legal consequences.

What You Need To Do

Setting up a Payroll Account

(Canada Revenue Agency)

Find out here if you need to make payroll deductions
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/find-if-make-payroll-deductions.html

How to set up a new employee
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/set-up-new-employee.html

How to open a payroll program account
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/How-open-payroll-account.html

How to calculate deductions and contributions
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/calculating-deductions.html

When and how to remit (pay) source deductions
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/remitting-source-deductions.html

Sending your payroll information return (T4/T5)
https://www.canada.ca/en/revenue-agency/services/e-services/filing-information-returns-electronically-t4-t5-other-types-returns-overview.html

Partners