4 Alternatives for Preparing Your Small Business Payroll

Paying salaries to employees (or yourself) requires more than just determining the gross amount to be paid.  The Canada Revenue Agency and Revenue Quebec require that employers calculate a variety of taxes on the salaries paid, remit them to the federal and provincial governments and prepare annual reports demonstrating that the calculations are correct and all salary deductions have been paid.  This can be a lot of work for business owners whose time is better spent generating sales and building their businesses.  Luckily there are many options for small business owners to calculate their payroll and salary remittances, many of which simplify the process: