KWB Blog

The latest financial news and accounting tips from KWB.

Mar 27 2020
Breaking News for Small – Medium Size Businesses – 27 March 2020

Ottawa hikes wage subsidy to 75% for small and medium-sized businesses The federal government is hiking its wage subsidy for small and medium-sized businesses from 10 per cent to 75 per cent, a move that business leaders have called for amid the coronavirus outbreak. Prime Minister Justin Trudeau announced the payroll subsidy, as well several […]

Mar 17 2020
Payroll FAQ – COVID-19

With the current situation in Alberta there are many unknowns regarding the proper payroll treatment related to leaves and layoffs.  This could change daily however this is the information that we were provided by the Canadian Payroll Association on March 17, 2020. Sick Leave – Alberta On Friday, March 13, 2020 the Alberta government announced […]

Sep 18 2018
Wagepoint

Wagepoint is an online payroll software that will meet all of your payroll needs. Wagepoint Features: Direct deposit CRA/WCB remittances T4 and T4A preparation Statutory Holiday calculations Record of employment (ROE) preparation Additional deductions Contractor payments Additional incomes Online pay stubs Integrates with QBO and TSheets Wagepoint also integrates with Quickbooks Online (QBO) accounting software.  […]

Nov 1 2016
Payroll Remittance

Depending on the amount of your payroll remittance you may have some options as to when you are required to remit it to CRA. Regular Payroll Remittance You are a regular remitter if you are a new employer or your average monthly withholding amount (AMWA) two years ago was less than $25,000.  In this case […]

Sep 27 2016
Employment Insurance For Related People

Employers are required by law to deduct Employment Insurance (EI) premiums from all insurable earnings paid to their employees who are engaged in insurable employment. If an employer is unsure whether or not an employee is engaged in insurable employment, the employer can request a ruling from the CRA.  A letter or completed form CPT1 […]

Sep 10 2015
Online tools from the CRA and Service Canada

Here are some great tools on the CRA website to help in day to day activities that I personally use. 1)       Payroll Deduction Online Calculator Use the Payroll Deductions Online Calculator (PDOC) to calculate federal, provincial (except for Quebec), and territorial payroll deductions. It will confirm or allow you to calculate the deductions you include […]