PAYROLL RECORDS

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

  1. IRS – Understanding Employment Taxes
  2. Intuit – Online Paycheck Calculator

EMPLOYMENT STANDARDS INFORMATION – Canadian Provinces

  1. http://www.labour.gov.bc.ca/esb/esaguide/
  2. http://humanservices.alberta.ca/working-in-alberta/999.html
  3. http://www.lrws.gov.sk.ca/rights-responsibilities
  4. http://www.gov.mb.ca/labour/standards/doc,quick_guide,factsheet.html
  5. http://www.labour.gov.on.ca/english/es/
  6. http://www.cnt.gouv.qc.ca/fileadmin/pdf/publications/c_0149a.pdf
  7. http://www2.gnb.ca/content/gnb/en/departments/post-secondary_education_training_and_labour/labour.html
  8. http://www.gov.ns.ca/lae/employmentrights/docs/labourstandardscodeguide.pdf
  9. http://www.gov.pe.ca/labour/index.php3?number=1004723&lang=E
  10. http://www.nlimmigration.ca/media/12774/employmentstandards.pdf

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’.

CRA Payroll Calculator

Sample Canadian Payroll Journal – click on 3 dots () to switch between the individual employee (S Creamcheese) and the employer remittance view