Taking on the responsibilities of a payroll isn’t for everyone (see KOW YOUR COMPLIANCE QUOTIENT)
For Canadian startups with spotty cash flow, it may not be appropriate or possible however there are a number of tax incentives – in particular R&D incentives – which make it worth taking a serious look at payroll – if only for shareholder employees.
PAYROLL INFORMATION – United States
EMPLOYMENT STANDARDS INFORMATION – Canadian Provinces
The Canada Revenue Agency has published a series of videos online that describe an employer’s obligations under the law
The CRA also publishes an online payroll calculation tool…
The web pages have been reproduced below in a PDF file if you prefer to see it on ‘paper’.
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Sample Canadian Payroll Journal – click on 3 dots (…) to switch between the individual employee (S Creamcheese) and the employer remittance view