Keyword: (Canadian Payroll Calculator 1.0%)
Meta description: What’s the best Canadian payroll calculator available? It’s the one that’s been updated to help you with payroll in 2018!
Author: Stacey Duggan
Topic: payroll processing
CTA: Canadian Payroll Tax Deduction Calculator
Try Our 2018 Canadian Payroll Calculator
Tax season has arrived! As you busily prepare your return for the 2017 year, your thoughts may have already turned to how you can better prepare for this year. If your bookkeepers are flustered and overworked as they scramble to get your 2017 tax return in order, they’ve no doubt wondered if there’s an easier way to do things.
As the old saying goes, an ounce of prevention is worth a pound of cure. Instead of trying to fix everything …show more content…
Give the updated 2018 Canadian payroll calculator a shot.
Updated CRA Rules
As with almost any government revenue department, the Canada Revenue Agency (CRA) updates its rules and processes on an almost yearly basis. This reflects changes in legislation, which then affect how businesses are to administer payroll and what withholdings they need to collect.
Sometimes, legislation changes are the result of new government bills being passed into law. In other cases, the changes result from provisions in laws already on the books, which see increases (or decreases) over time.
New tax credits come and go, and income tax rates change. You should always check in with the CRA or your Canadian PEO to find out about the latest changes and updated rules to make sure you’re up to date.
Changes in the Business
The other issue complicating payroll is changes within your own business. Employees get raises or are promoted and end up in new tax brackets. Someone accrues more vacation days or more sick days because of the length of their tenure with your business. You may decide to offer a benefit or restrict your existing plan. All of these changes can affect your payroll and the withholdings you need to …show more content…
With so many different things to keep track of, from CRA rules to expansions in your business itself, you might wish there was a tool to help you.
The good news is there are tools available. Payroll calculators were created to help business owners and accounting professionals keep things straight when it comes to figuring out payroll and withholdings. A Canadian payroll calculator in particular helps you keep track of payroll deductions for each of the 10 provinces and three territories.
Calculators comes with pre-set functions. You input the information, such as the employee’s hours, their rate of pay, and where they work, and the calculator will do the rest. The best calculators ask for more information, but even the most basic can give you a quick check to ensure you’re on the right track with payroll.
The 2018 Update
As useful as calculators are, they’re not much help if they’re outdated. It’s why you need to give the new 2018 Canadian payroll calculator a whirl. If you’ve been using the 2017 calculator, you may be surprised to find just how much has changed between last year and this
Meta description: What’s the best Canadian payroll calculator available? It’s the one that’s been updated to help you with payroll in 2018!
Author: Stacey Duggan
Topic: payroll processing
CTA: Canadian Payroll Tax Deduction Calculator
Try Our 2018 Canadian Payroll Calculator
Tax season has arrived! As you busily prepare your return for the 2017 year, your thoughts may have already turned to how you can better prepare for this year. If your bookkeepers are flustered and overworked as they scramble to get your 2017 tax return in order, they’ve no doubt wondered if there’s an easier way to do things.
As the old saying goes, an ounce of prevention is worth a pound of cure. Instead of trying to fix everything …show more content…
Give the updated 2018 Canadian payroll calculator a shot.
Updated CRA Rules
As with almost any government revenue department, the Canada Revenue Agency (CRA) updates its rules and processes on an almost yearly basis. This reflects changes in legislation, which then affect how businesses are to administer payroll and what withholdings they need to collect.
Sometimes, legislation changes are the result of new government bills being passed into law. In other cases, the changes result from provisions in laws already on the books, which see increases (or decreases) over time.
New tax credits come and go, and income tax rates change. You should always check in with the CRA or your Canadian PEO to find out about the latest changes and updated rules to make sure you’re up to date.
Changes in the Business
The other issue complicating payroll is changes within your own business. Employees get raises or are promoted and end up in new tax brackets. Someone accrues more vacation days or more sick days because of the length of their tenure with your business. You may decide to offer a benefit or restrict your existing plan. All of these changes can affect your payroll and the withholdings you need to …show more content…
With so many different things to keep track of, from CRA rules to expansions in your business itself, you might wish there was a tool to help you.
The good news is there are tools available. Payroll calculators were created to help business owners and accounting professionals keep things straight when it comes to figuring out payroll and withholdings. A Canadian payroll calculator in particular helps you keep track of payroll deductions for each of the 10 provinces and three territories.
Calculators comes with pre-set functions. You input the information, such as the employee’s hours, their rate of pay, and where they work, and the calculator will do the rest. The best calculators ask for more information, but even the most basic can give you a quick check to ensure you’re on the right track with payroll.
The 2018 Update
As useful as calculators are, they’re not much help if they’re outdated. It’s why you need to give the new 2018 Canadian payroll calculator a whirl. If you’ve been using the 2017 calculator, you may be surprised to find just how much has changed between last year and this