Payroll Issues Can Affect an Organization’s Most Valuable Resource

An incorrect approach to the technical side of payroll poses a risk to both employers and their employees: it can cost them money, cause them to incur penalties with the Canada Revenue Agency (CRA) or worse, face legal ramifications. Especially at this time of year (tax time) the pressure is on.

Consider taking the Advanced Payroll for Small Business course. It will help you become a more astute compliance manager that: prepares accurate payroll, understands the necessary requirements of an employer (federally and provincially), and who can meet the demands of an evolving digital workforce.

ENROL

Why is this timely and important?

Bookkeepers must be able to produce accurate payroll on time, every time. Imagine that your company’s payroll system is not consistent or error-free. As employees are regarded as the organization's most valuable resource, this can create a negative effect on your relationship with your employees, resulting in a drop in their productivity or motivation to work. In the long run, consistent payroll issues can increase employee turnover and dent a company's aspirations.

What You'll Learn in the Payroll Course

As mentioned, this course will equip you with access to excellent reference materials from CRA and EverGreen Explanatory Notes and the latest versions of Sage 50 and QuickBooks Desktop software programs. This valuable resource is updated when changes to the information become available—including changes to legislation, rates used in payroll calculations, and alterations to CRA forms.

Upon graduating, you will be able to produce a payroll run for any period for a payroll of any level of complexity and understand and calculate all employer remittances for deductions taken at source, while fully understanding the consequences of non-compliance. Specifically, you'll understand the compliance requirements federally and under provincial Employment Standards Codes in their area of operation, be able to complete TD1 - Personal Tax Credit Return form, T1213– Request to Reduce Taxes at Source form, with a view to reducing withholding taxes which can be used to increase private pension contributions (RRSP, PRPP), and account for a variety of compensation plans including hourly wages, salary, commissions, piecework, bonuses, retroactive payments, and vacation pay.

You'll also have the skills to account for an extensive list of taxable and non-taxable benefits’, account for differences in pay structure for workplaces governed by a union, and provide tax-specific information required by certain profiles including commission salespeople, northern residents, truckers, tradespeople and executives. As well, you'll be equipped to account for termination pay, Records of Employment, T4, T4 Summary, workers' compensation, employer health taxes, other public health care plans.

Yes, the course met my objectives. This is my third course, and I will take others. I have been able to take on more responsibilities for payroll administration in my workplace and have secured some contract work in a small bookkeeping company as a direct result of the courses I have taken from the Knowledge Bureau.

—Gail S., AB

Enrol Today

What’s Included:

• Personal course selection consultation
• Virtual campus orientation
• Lesson and study plans
• Personal instructor email support
• Comprehensive Knowledge Journal
• EverGreen Online Research Library
• Knowledge Bureau calculators
• Testing and certification
• CE/CPD accreditation

Scope of Content:

• Chapter 1 | The Role of the Payroll Department in a Digital World
• Chapter 2 | Compliance Responsibilities: Remittances, Audits and Penalties
• Chapter 3 | The Payroll Cycle and Its Components
• Chapter 4 | Hiring Employees: Employment Standards, Contracts, Required Forms
• Chapter 5 | Paying Employees: Compensation and Benefits
• Chapter 6 | Paying Owner Managers: Salary, Benefits, Dividends, TOSI
• Chapter 7 | Statutory Deductions: CPP, EI and Income Tax
• Chapter 8 | Other Deductions
• Chapter 9 | Taxable and Tax-Free Benefits
• Chapter 10 | Termination and Severance
• Chapter 11 | Year-End Reporting

Study Online, Anytime, Anywhere. You can start anytime and study at your own convenience and in your own home or office.    Everything is included - even access to personal instructor support by email.  You have three months to complete each 30-hour course. Extensions are available for $149. per additional month.

Tuition Fees Qualify for Tax Relief. Eligible students may also reduce tuition fees by claiming a tuition fee amount and a Canada Training Credit on their tax return. Check out the Knowledge Bureau Tuition Guide which includes information on study terms and other school policies.

We’re At Your Side.  Remote learning doesn't mean you're doing it on your own! You will always have the support of your instructors and education team through video calls, discussion boards and more.

Remember, you can study at your own pace and schedule that works for you.  Our Educational Consultants are here to assist with your complete program onboarding including course selection and a virtual campus orientation. If you have questions during your studies, the personal instructor is just an email away.

Your study plan is flexible and self-paced.