Upcoming Payroll and Staff Deadlines
By Lisa Maslove
Now that you’ve filed your T4s, it’s time to think about the next payroll-related deadlines.
Deadlines Coming Up
Annual returns for the Employer Health Tax are due March 15th. This program only applies to employers with a payroll of over $450,000 per year. That's approximately
15 full time staff members.
Also, March 31st is the deadline for completing Reconciliation Forms for Workplace Safety and Insurance Board (WSIB). Most employers need to register with WSIB regardless of whether their employees are full- or part-time. The 2017 premium rates are available now on the WSIB website. Your rate may have changed so you may want to adjust your budget accordingly.
This is also a good time to make sure you have up-to-date versions of the documents you should have in your files. You should have a signed TD1 form on file for each employee. Employees with special situations (like those who work for more than employer) should complete and sign a TD1 every year in case their preferences have changed. Download all of your blank forms at the CRA website!
There’s a lot to keep track off when you have employees. Flow Office Wisdom provides payroll and HR services to businesses and non-profit organizations. We’d love to talk to you about your goals and how we can help you reach them.