Payroll Handled — Source Deductions, Remittances & T4s
If you pay yourself or a team a salary, CRA expects source deductions withheld, remitted on schedule, and reported on T4s. We run all of it remotely, so the deadlines and the math are never your problem.
Running payroll through your corporation is more than sending someone their pay — it means opening a payroll (RP) account, withholding the right income tax, CPP and EI, remitting it to CRA by the deadline, and reconciling it to T4 slips at year-end. Miss a remittance and the penalties are immediate and steep. We take the whole cycle off your plate and keep it clean, whether you have one employee (yourself) or a small team across Canada.
What our payroll service covers
- Opening and managing your CRA payroll (RP) program account
- Calculating income tax, CPP and EI withholdings on every pay run
- Remitting source deductions to CRA on your required schedule
- Year-end T4 and T4A slips and summaries, filed on time
- Records of Employment (ROEs) when someone leaves
- Owner-salary setup coordinated with your salary-vs-dividend plan
The payroll mistakes that cost small corporations most
Payroll penalties are among the fastest CRA assesses, because the deadlines are frequent and the amounts are unforgiving. Here is where owner-run corporations most often slip.
Missed or late remittances
Source deductions have their own remittance schedule, separate from your corporate tax deadline, and CRA charges a penalty the moment a remittance is late — even by a day. For most new small employers, remittances are due by the 15th of the month after you pay wages. We track the schedule and remit on time, every time.
Getting your own salary wrong
Paying yourself a salary creates RRSP room and CPP, but it also means withholding and remitting on your own pay. Owners often run their salary informally and create a reconciliation mess at year-end. We set your owner-salary up properly from the first run.
T4s that don’t match remittances
At year-end, your T4 slips have to reconcile to what you actually remitted through the year. Gaps trigger CRA notices. Because we handle both the remittances and the slips, they always tie out.
Forgetting the ROE
When an employee leaves, a Record of Employment is required within a set timeframe — miss it and you create problems for both the employee and the corporation. We issue ROEs correctly and on time.
Mixing contractors and employees
Paying someone as a contractor when CRA would consider them an employee is a costly misclassification. We help you get the relationship right before it becomes a payroll-tax assessment.
Working with EverStone, start to finish
Free consult & setup
We review how you pay yourself and any team, open or clean up your RP account, and quote a fixed fee before any work begins.
We run each cycle
You tell us hours or amounts; we calculate withholdings, prepare pay, and remit source deductions to CRA on schedule.
Year-end, handled
We file your T4/T4A slips and summaries, reconcile them to your remittances, and issue any ROEs — no scramble in February.
Payroll works best alongside your bookkeeping and corporate tax, so your pay, source deductions and year-end all reconcile in one place. See also our guide to payroll remittances and the RP account.
Payroll questions from business owners
Do I need to run formal payroll if I only pay myself?+
When are payroll remittances due?+
What happens if a remittance is late?+
Can you run payroll if my team is in different provinces?+
Do you handle T4s and ROEs too?+
Why clients stay with EverStone
Verified 5-star Google reviews from EverStone CPA clients.
“Highly recommend working with Sunny. We switched to him last year for both our personal and small-business taxes — responsive, knowledgeable and quick.”
“Personal. Professional. Responsive. Plus he saved me a bundle!”
“I have worked with Sunny for the past 2 years. He is very knowledgeable and has saved me tons in taxes by restructuring my group of companies — the best accountant I’ve worked with in the last 10 years, after switching from three different firms.”
Want payroll off your plate?
We’ll set up your payroll account, run every cycle, remit on time and handle year-end slips — at a fixed fee, fully online. Book a free consultation.