Category Archives: Payroll

More CPP Changes – Effective January 1, 2012

Earlier this month the Canada Revenue Agency issued this statement about a change to CPP and how it will apply to Wage Loss Replacement Plans (WLRP): “In December 2011, new CPP legislation clarified that all payments made from uninsured WLRPs … Continue reading

Basic Exemption changes – Federal and Provincial

Please note the basic exemption for federal and provincial has changed effective Jan 1, 2012. A new TD1 form must be completed if you are claiming more than the basic amount for Federal / Provincial tax or requesting addition tax … Continue reading

CPP – Long Term Viability?

Canada has a growing, concerning issue. We have more than a generation of people groomed on the “Freedom 55” concept. Build your retirement up and don’t wait until you are 65. Choose a better path and retire ten years earlier … Continue reading

Issuing Records of Employment

Records of Employment, commonly referred to as ROE, are forms that are completed by employers for employees who stop working and/or experience an interruption of earnings. All insurable earnings are hours that are recorded on the ROE as well as … Continue reading

Extra! Extra! This applies to you if you are receiving CPP/QPP retirement pension… New rules as of January 1, 2012

There are new rules as of January 1, 2012. Employers must deduct CPP contributions paid to employees between 60 to 70 years old even if they are receiving CPP or QPP pension benefits. Employers must also contribute a portion matching … Continue reading

Overtime – who gets it and when?

Within your organization, it is important to define the positions which are eligible for overtime and which ones are not. Although every province has slightly different rules with regards to the amount of time required to work prior to receiving … Continue reading

BC minimum wage is increasing!

On May 1, 2011 minimum wage will increase in the province of British Columbia from $8.00 to $8.75 per hour. The minimum wage for training is still set at $6.00 per hour but that is currently being repealed. But the … Continue reading

Retirement…everyone has an opinion!

There are a lot of conflicting articles in the media. Politicians say that that the population wants one thing and then, based on surveys, the population appears to want something else. Ultimately, more than seven out of ten Canadians rely … Continue reading

Contactless debit cards are coming to Canada!

You know how in some store, mostly gas stations in Canada, you can wave your credit card in front of a machine to pay without having to sign or enter a PIN. Well….Canada gets ready to welcome the new Interac … Continue reading

Outsourcing – could this work for you?

Do you want to maximize your revenue and minimize your expenses? Do you want to get access to specialized skills and services? Do you want to concentrate more on your core business? Do you want to save on money, time … Continue reading