Processing Payroll for the Canadian Employee: An Introduction

Canada and the Unites States are so close geographically, that if you don’t have Canadian payroll on your plate yet, it may just be a matter of time before you do.
This session will cover a basic introduction to Canada and processing payroll for employees in Canada. A dollar is not a dollar and Canada has its own currency, the Canadian dollar.
The jurisdictions are provinces and territories, each with their own tax tables, worker’s compensation boards and employment standards.
Employment standards cover labour laws and vary throughout the country. What is considered statutory, mandatory and voluntary payroll deductions is the tip of the iceberg. It is important to be aware of additional provincial taxes and levies as well as special taxing considerations.
We’ll run through a sample net pay calculation to show how the statutory calculations are made, including the employee and employer portion. Once the payroll deductions are made, they will need to be remitted and we’ll review the agencies responsible and the due dates. There is new legislation every year in which there are several resources to help you keep on top of any relevant changes.
An overview of some of the yearend processes and considerations relating to payroll will wrap up the presentation. The goal is to give you a taste of important areas relating to Canadian legislation surrounding payroll and some resources to put you on your way to compliance. Payroll in a foreign country doesn’t have to be scary with the right tools and resources.

Payroll processors with or about to work with employees in Canada, anyone looking to hire an employee in Canada

What are the legislative bodies and tax jurisdictions in Canada? What is involved in a net pay calculation? What are the employee and employer taxes and how are they calculated? A brief overview of year end considerations for Canadian Payroll.

www.payroll.ca http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/menu-eng.html

		Natasha Smyth OnPayroll.ca Corp. View Profile