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onboarding & intro
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@@ -8,15 +8,19 @@ accurately and on time.
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Key Steps on Onboarding an Employee:
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* Collect Required Personal Information: Includes full legal name, address, date of birth, and Social Insurance Number (SIN). The SIN is critical for tax reporting to the CRA (Canada Revenue Agency).
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* Collect Required Personal Information: Includes full legal name, address, date of birth, and Social Insurance Number (SIN). The SIN is
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critical for tax reporting to the CRA (Canada Revenue Agency).
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* Obtain Federal & Provincial Tax Forms: New employees must complete Form TD1 (Federal and possibly a Provincial version) to declare tax credits and determine income tax withholdings.
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* Obtain Federal & Provincial Tax Forms: New employees must complete Form TD1 (Federal and possibly a Provincial version) to declare tax
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credits and determine income tax withholdings.
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* Set Up Banking Info for Direct Deposit: Employees usually provide a void cheque or bank form to set up electronic payments.
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* Register the Employee in the Payroll System: Involves entering all personal and job-related data, assigning a payroll ID, and verifying employment status (e.g. full-time, part-time, contract).
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* Register the Employee in the Payroll System: Involves entering all personal and job-related data, assigning a payroll ID, and verifying
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employment status (e.g. full-time, part-time, contract).
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* Enroll in Benefits or Pension Programs: If applicable, the employee may be signed up for group insurance, retirement savings plans (like RRSP or pension plans), and other benefits. These deductions must be accurately reflected in payroll.
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* Enroll in Benefits or Pension Programs: If applicable, the employee may be signed up for group insurance, retirement savings plans (like
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RRSP or pension plans), and other benefits. These deductions must be accurately reflected in payroll.
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* Assign Statutory Deductions that Employers must withhold and remit
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@@ -31,7 +35,8 @@ Key Steps on Onboarding an Employee:
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🍁 Compliance & Record Keeping
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* Employers in Canada are responsible for keeping accurate records of employee data, pay stubs, deductions, and remittances for at least 6 years.
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* Employers in Canada are responsible for keeping accurate records of employee data, pay stubs, deductions, and remittances for
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at least 6 years.
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* If audited by CRA, these documents must be readily available.
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