Payroll Filing Services for Corporations
Effortless Payroll Compliance, Tailored to Your Business
Handling payroll and tax filings can be complex and time-consuming. At Can4 Tax & Accounting, we make it simple. Our expert payroll services ensure your employees are paid accurately, your taxes are filed on time, and your corporation stays fully compliant with CRA rules—so you can focus on growing your business.
Why Choose Payroll for Shareholders/Owners?
If you’re a business owner or shareholder drawing a salary from your corporation, here’s how payroll benefits you:
Steady Income
Receive regular pay for easier budgeting and financial planning.
Clear Separation
Keep business and personal finances organized.
Tax Savings
Salaries reduce corporate taxable income and allow income splitting.
Improved Credit
Salary helps build personal credit for loans and mortgages.
CPP & EI Benefits
Build eligibility for pensions, EI (if applicable), and other government programs.
Salary + Dividends Strategy:
Balance both for optimal tax efficiency and RRSP eligibility.
Payroll vs. Dividends — What’s Better?
1. Take Payroll if you want:
- Steady income
- Max CPP/RRSP contributions
- Access to EI (if eligible)
2. Take Dividends if you want:
- Lower personal tax
- Flexible investment income
- Minimal payroll admin
What’s Included in Our Payroll Filing Services
1. Payroll Processing
- Accurate calculation of salaries, bonuses, commissions.
- Hour tracking, vacation pay, overtime.
2. Tax Deductions & Remittances
- CPP, EI, and income tax calculations.
- Monthly or quarterly CRA remittance.
3. CRA Payroll Filings
- T4 Slips & Summary.
- Record of Employment (ROE).
- Annual reconciliation with CRA.
4. Direct Deposit Setup
- Secure, on-time employee payments.
5. Compliance Monitoring
- CRA regulation updates.
- Payroll account reconciliation.
6. Year-End Filing
- T4 preparation and filing.
- Tax adjustments support.
7. Audit Support
- CRA payroll audit assistance.
- Representation and documentation
Payroll Remittance Deadlines (Small & Medium Businesses)
1. Monthly Payroll (Most Small & Medium Businesses)
- Deadline: 15th of the following month.
- Example: payroll → remit by August 15.
2. Quarterly Payroll (Very Small Businesses – CRA approved)
- Deadline: 15th of the month after each quarter.
- Example: Jan–Mar payroll → remit by April 15.
3. Avoid CRA penalties for late payments.
- We handle your payroll & remittances on time — guaranteed.
Who Can Benefit from Our Payroll Services?
Whether you’re a small startup or an established corporation, our tailored payroll solutions are designed for:
- Small Businesses & Startups: Focus on growth while we handle employee payments and deductions.
- Corporations of All Sizes: From 1 to 100+ employees, we scale with your needs.
- Contractor-Based Businesses: Issue T4A, manage WSIB, and ensure CRA compliance.
- Family-Owned Businesses: Seamless payroll for family members and staff, with full audit support.
- Professional Corporations: Doctors, dentists, lawyers, consultants needing accurate T4 slips.
- Construction & Trades: Manage hourly wages, job-site ROEs, and WSIB integration.
- Retail & Hospitality: Handle shift-based pay, tips, overtime, and vacation tracking.
- Nonprofits & Charities: Maintain transparency with CRA-compliant reporting and records.
- Seasonal or Temporary Staff Employers: Flexible payroll cycles and ROE generation.
- Businesses Under CRA Review or WSIB Audit : Expert representation and record support.
Get Started Today
Take the hassle out of payroll management with our reliable services. Contact us for a free consultation and let us streamline your payroll operations while keeping your corporation compliant and your employees satisfied!