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FEATURED NEWS AND UPDATES
NEWS AND UPDATES
Issuing ROEs for COVID-19
Are you an employer and need to issue a Record of Employment (ROE) for your employees? The Government of Canada has released a reminder on how to correctly issue your ROEs to help ensure your employees get the right benefits whether they apply for the Canada Emergency Response Benefit (CERB) or Employment Insurance (EI). If you are issuing ROEs to employees who are affected by the COVID-19 and they are no longer working you must issue a ROE. One of the following reason codes
COVID-19: Government of Canada Makes Changes to Legislation
In response to the current pandemic of COVID-19, the Government of Canada has made several adjustments to assist federal employees, businesses and individuals in various Acts: Income Tax Act and Income Tax Regulations Temporarily increasing Canada Child Benefit payment in order to provide additional assistance to families with children. Individuals and families with low/modest incomes will receive one extra payment of GST/HST (Goods and Sales Tax) credit. For 2020 reducing mi
COVID-19: Provincial Impact & Legislation Changes
COVID-19 has prompted several provinces to amend/create Acts to better support workers during a public health emergency and any other future emergencies. Alberta ESA Temporary Workplace Rules The province of Alberta has implemented temporary measures to help employees and employers manage during these critical times. The following amendments/additions are in effect for the duration of public health emergency and until the government deems it is no longer needed: Created an un
Payroll Continuity, Are You Prepared?
With the current COVID-19 outbreak impacting business operations across the globe, reviewing your payroll continuity procedures has never been more appropriate. If you don’t currently have one, NOW is a good time to put one together. Creating a plan to address the current state of emergency will suffice, but remember to make it more versatile when the dust settles. Having some form of a plan still sets you ahead of those businesses that have no plan at all. Your business has
Helpful Tips for Those Currently Involved in the Job Market
There are several levels to the job market. You may be a business trying to fill a position, an employee looking for a new opportunity, a student looking for that first job in your field, a parent rejoining the workforce, in the process of switching from one career or industry to another, or maybe you are a recruiter, trying to bring everyone together. Here are some tips for those involved in the current job market. Tips for Job Seekers When searching for a new job, the one t
COVID-19 Legislation Change: Employer Health Tax
Bill 188, Economic and Fiscal Update Act, 2020, received Royal Assent on March 25, 2020 and has been enacted as Chapter 5 of the Statutes of Ontario, 2020. Schedule 1 of the Bill consists of the Employer Health Tax Act. This new Bill will have an impact on your payroll calculations for 2020. Please ensure you update your software to accommodate the new calculation. The Employer Health Tax Act allows eligible employers to claim an exemption amount when establishing their taxab
The Benefit of Flexible Work Patterns
There are still a lot of companies that don’t offer flexible working opportunities. Personally, I think it’s the fear. The fear of how to ensure the job gets done, if your employees are actually working, abusing company resources, etcetera. In today’s society, we have many things we have to juggle between work and personal lives. Currently we are dealing with the COVID-19 virus pandemic. In order to prevent more exposure to the rest of the population, the government is reques
Royal Assent Received, Bill 186 & Bill 187 for Ontario
In light of recent events, both the Federal and Provincial Government have made quick amendments to the ESA and various other legislation. Here is a brief look at what legislation has been introduced and updated during the current COVID19 outbreak. March 19, 2020, Bill 186, Employment Standards Amendment Act (Infectious Disease Emergencies), 2020, was introduced to address emergency leave for employees in case of infectious disease emergencies. The Emergency Leave Act has bee
Inspiring Employee Growth and Success
There have been shifts and changes throughout the decades on how employers view employees and vice-versa. The most common is how to get the most productivity out of an employee for less. Can you imagine a world where all employers treat their employees as human beings, who want meaning and purpose, both professionally and personally? Ever wonder why there are so many great employees coming in and going out of your organization in a short period of time? This article will focu
Payroll Explained – An Article for Employees
Have you ever wondered how your payroll is calculated? Your pay stub shows your gross pay, deductions, and your net pay; the smaller amount that goes into your bank account. Payroll can be very complex and complicated due to the number of rules there are to follow, but I will run through a simple example so you can get the basic idea of how your payroll is calculated. After you read through this, you may want to decipher your own pay stub. Grab a coffee and take some notes, y
Why Should Employers Issue a ROE?
Employers generally issue a ROE when an employee is terminated by them or if it is some type of leave, but employers often debate whether they should issue ROEs when an employee quits. Some employers don’t issue a ROE when an employee quits their job, based on the fact that employees don’t get Employment Insurance (EI) benefits when they quit their job. Let’s start with the basics and see both when and why a ROE should always be issued. Employers can submit electronic ROEs th
The Intricacies of the T4 Slip
The T4 slip or “Statement of Remuneration Paid” summarizes the earnings paid to an employee over a calendar year. It also shows other specific amounts that an employee will use later for income tax purposes. There are certain criteria involved upon issuing a T4. As an employer, you would have to complete T4 slips for all individuals who received remuneration during the calendar year if: There were deductions of CPP/QPP contributions, EI premiums, PPIP premiums, or income tax
Would You Lick the Icing if You Could?
Have you ever bought cupcakes? Were they behind the glass where you couldn’t reach them? Did you wish you could lick some of the icing off to see if it was the good stuff? When you got home and enjoyed your luxury cake product, was it as good as you thought it would be or was it hiding a surprise? I’ve tasted a few cupcakes in this lifetime and let’s face it, we know when something looks good. But sometimes what looks good on the surface may be hiding a secret underneath, suc
Providing Valuable Feedback to Your Employees
In today's business world, most companies have some sort of annual performance review system. Some are formal, some are informal, and some don’t even exist based on the type of organization. Most of us are not happy when it comes to annual reviews whether we are the ones providing it or receiving it. The purpose of an annual review is to set goals and competencies with your employees, see how effective they are at achieving them over an established period of time, and review
Why Payroll Services Make Running Your Business Easier
As a business you rely on your employees to reach your business goals or complete your business’ mission. But studies have shown, employees like getting paid. To avoid a mutiny or being overthrown by a crowd of under compensated employees, it’s a good idea to pay them, on time, and regularly. Luckily, we have laws in this country that dictate how, and how much we MUST pay them. Following these rules is highly recommended as there can be fines and penalties for disobedience. N
How is Employee Motivation Impacting Your Business?
Why aren’t employees motivated? Why are great employees losing their motivation? What are you doing to keep your employees motivated? Keeping motivated as an employee in today’s environment requires some level of self discipline. People often switch jobs due to poor management in their workplace. Generally, employees leave their managers, not their position. Under performing managers can fall under many style types such as; unsupportive, disorganized, negative motivators, mic
B.C. MSP and EHT - All you Need to Know
British Columbia (B.C.) Medical Service Plan (MSP) premiums have been eliminated as of January 1, 2020, and replaced it with B.C. Employer Health Tax (EHT). See the changes and the possible implications. B.C. MSP is a health insurance plan that pays for medically required services. All residents of B.C. must enroll themselves and their dependents into the MSP program. There are premiums for the MSP coverage, and it is based on family size and income. To see if you are eligibl
The Naughty List According to the CRA
Each year the CRA specifies the top 10 payroll non-compliance errors that their auditors consistently come across out in the field. Payroll can be very complex and requires proper documentation and recording, review the list below to see if your organization is at risk. Top 10 areas of concern: Taxable automobile benefits – It is important to maintain proper logbooks to separate the personal and business use of a vehicle so the benefit can be calculated properly. Reclassifyin
How Do Small Businesses Cut Costs?
I normally write about payroll and employee matters, but I came across this article on Business.com and thought it may provide some helpful hints for some of my clients and small business owner friends. You can find the complete article with this link https://www.business.com/articles/brilliant-ways-to-save-money/. Megan Totka reveals “11 Brilliant Ways Your Small Business Can Save Money” and though some of these ideas are common sense, sometimes we forget the simple solution
As an Employer, do you Know Your Obligations for Voting?
As an employer you must remember the rights of your employees when election time comes around. Encouraging them to cast their vote on election day allows their voice to be heard, shaping the nation we live in. I found this post was best explained by the Canadian Payroll Associations (CPA): “Ahead of the Federal Elections on October 21, 2019, employers are reminded that under the Canada Elections Act it is required that an employee eligible to vote be accorded 3 consecutive ho
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