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The Great Canadian Guide to Small Business Payroll

Free Payroll eBooks for Small Business Owners and Startup Founders in the United States & Canada

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Page 14 of 24

Engaged in pensionable employment — any role for which a pension fund has been established. Who is not considered disabled. 15 | www.wagepoint.com Wages, salaries and commissions are all considered employment income. The establishment of the employer is any place or premises in Canada that is owned, leased or rented by the employer and where one or more employees report to work or from which one or more employees are paid. - It does not have to be a permanent, fixed location (such as in the case of construction sites and similar transient/changeable locations) and there is no minimum for the amount of time that the employee has to report to this location. - If employees work from home, the location is determined by the territory or province in which the payroll is issued. The CPP and EI tables cited in this post are valid for 2016 and subject to renewal and/or revision by the CRA in 2017. Calculating Payroll Tax Deductions On its website, the CRA provides a Payroll Deductions Online Calculator (PDOC). However, the instructions are a page long. There Has Got to Be a Better Way… You're right. That's why simple, online payroll solutions, like Wagepoint, were created specifically for small businesses. When you use online payroll software like ours, we calculate the deductions for you — saving you time and preventing frustration. Knowing Which Remittance Schedule to Follow As a business, your remittance schedule for payroll deductions is determined by your average monthly withholding amount (AMWA) — the sum of all the payroll deductions you paid to the CRA within a calendar year, averaged on a monthly basis. A two-year history of your AMWA is used to classify you as a new, regular, accelerated or quarterly remitter. Employment income and the establishment of the employer

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