Payroll Basics

LiRN requested our Accountants, Welch LLP to create a customized session of how to do your Payroll.

On January 23, 2024, Stephanie Vass’s presentation comprehensively covered these topics:

  • Payroll Source Deductions
  • Net Taxable Income and Income tax
  • Canada Pension Plan Contributions
  • Employment Insurance Premiums
  • Payroll Deductions Online Calculator
  • Vacation Time and Vacation Pay
  • Other Earnings Types
  • T4 Slips & T4 Summary
  • Filing deadline
  • Completion
  • Payroll Resources

Payroll Resources

CPP contribution rates, maximums and exemptions

EI premium rates and maximum

Employers’ Guide Taxable Benefits and Allowances

Payroll Deductions Online Calculator

T4 slip – Information for employers

T4 Summary – Information for employers

Ontario Guide to Employment Standards Act

To view the Recording, please visit our Learn with LiRN YouTube channel.