5 Payroll Mistakes to Avoid
Small mistakes in payroll can lead to CRA penalties and unhappy employees. Here are the five we see most often.
Misclassifying employees
Treating an employee as a contractor (or vice versa) has real CRA consequences, including back remittances and penalties.
Late remittances
Missing a remittance deadline — even by a day — can trigger interest and penalties from the CRA. A fixed payroll calendar prevents this.
The rest of the list
Other frequent errors include incorrect vacation pay calculations, missed statutory holiday pay, and outdated CPP/EI rates.
A dedicated payroll specialist catches these issues before they become costly problems.