Payroll Services for Small Business in Canada
Outsourced payroll that pays your team correctly and on time. Source deductions, CRA remittances, T4s, ROEs, WSIB and EHT are handled for you.
Outsourced Payroll Services, Done Right Every Pay Run
Payroll mistakes are expensive. Late source-deduction remittances attract CRA penalties, a missed Record of Employment holds up an employee’s EI claim, and getting vacation pay wrong under the Employment Standards Act is a common source of complaints. Handling it yourself means keeping up with CPP, CPP2, EI and tax table changes every January.
Our payroll outsourcing services take that off your plate. We run payroll in Wagepoint or QuickBooks Payroll, calculate gross-to-net pay for salaried, hourly and commissioned staff, deposit pay directly to employees, and remit deductions to the CRA on your required schedule. Employees get online access to their pay stubs and T4s.
Because we also do your bookkeeping, payroll journals post straight to your books with no re-keying and no reconciliation gaps. New to running payroll? Our small business payroll handbook explains how it works.
What Our Payroll Services Include
From your first employee to a growing team across provinces, we handle the whole payroll cycle.
How Our Payroll Service Works
Setup
We register or confirm your CRA payroll account, collect TD1s and banking details, and set up each employee.
Each Pay Period
You send hours or changes. We run payroll, you approve it, and employees are paid by direct deposit.
Remittances
Deductions are remitted to the CRA on your schedule: monthly, quarterly or accelerated.
Year-End
T4s, T4As and summaries filed, and year-end payroll reconciled to your books.
Why Business Owners Choose Targeted Accounting
- CPA-led team: every file is reviewed by an accounting manager, not just a junior bookkeeper
- Cloud-first: QuickBooks Online, Xero, Wagepoint, Hubdoc, Dext and Plooto
- Based in downtown Toronto, serving businesses across Canada remotely
- One team for bookkeeping, payroll, tax and advisory, so nothing falls between providers
- Clear monthly deadlines and a named contact who knows your file
Frequently Asked Questions
You tell us about hours, new hires and changes each pay period. We calculate pay and deductions, send a payroll register for your approval, pay employees by direct deposit and remit source deductions to the CRA. At year-end we prepare and file T4s and T4As.
Cost depends mainly on the number of employees and how often you pay them. We quote a fixed fee per pay run after reviewing your setup. Software fees for Wagepoint or QuickBooks Payroll are usually separate.
Most small employers are regular remitters and must remit by the 15th of the month after the pay date. Some very small employers qualify for quarterly remitting, and larger employers remit more often. We confirm your schedule during setup.
Yes. We register your payroll program account with the CRA, set up the payroll software and walk you through what to collect from your new hire.
Yes. Most of our payroll clients also use our bookkeeping services, so payroll entries flow straight into the books.
CONTACT US TODAY!
Bookkeeping, payroll, tax and CFO support from one CPA-led team, with your books kept accurate and your filings on time
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