Category Archives: Source Deductions and Reporting

These entries describe the compliance requirements related to the CRA, to Revenu Quebec and to the other governments related to payroll in Canada

Yesterday’s budget changes rules for electronic T4s!

Yesterday’s federal budget changed the rules under which employers may provide electronic, instead of paper copies of T4 slips to employees. Currently the Income Tax Regulations say electronic access can be provided to year-end slips only if employees have expressly … Continue reading

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Are employer paid MSP premiums a cash taxable benefit?

I’ve written about this previously, and that article sparked a few comments and some questions. It seems not everyone agrees with my understanding that employer paid MSP premiums are a cash taxable benefit, subject to EI premiums. The distinction between … Continue reading

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Can New Year’s Day be a pay day?

As payroll staff start planning for year-end, one step in this process is to map out the coming year’s payroll schedules. When looking at these, particularly if you pay on Fridays, you will quickly see that January 1, 2016 – … Continue reading

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Employer paid BC MSP premiums – cash or non-cash taxable benefit?

British Columbia is the only province in Canada where monthly premiums are used to support the public health care system. In other provinces, either the income tax system and/or an employer payroll tax is used for this purpose. While premiums … Continue reading

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Using Excel to Balance Year-End

A fundamental payroll responsibility is to ensure that year-end slips are completed with 100% accuracy. It’s hard to imagine how the checking and balancing required to meet this responsibility could be done without mastering Excel fundamentals. Here’s a best practice … Continue reading

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