City of Toronto Payroll Solutions:
From Wage Processing to Year-End Documents
Toronto Payroll Service - Get a Free Consultation and Affordable Payroll Solutions from 25% Per Employee
Payroll services that we offer:
City of Toronto Payroll Solutions |
1. Processing wages |
2. Managing tax withholdings |
3. Filing taxes and handling employee benefits |
4. Ensuring compliance with labor laws |
5. Tracking time and attendance |
6. Administering direct deposits |
7. Preparing year-end tax documents |
Call us today: +1 (437) 238-1932
FAQ - (Frequently Asked Questions)
Prices for payroll services
What Are the Prices of Payroll Services for Businesses?
1. What are the typical prices for payroll services in Toronto?
Pricing for payroll services can vary widely based on factors like business size and service complexity. At KSH Accounting, we offer payroll services in Toronto starting at just $25 per employee!
Minimum Wage
1. Minimum wage rate in Toronto Ontario?
According to Government of Ontario from October 1, 2024 to September 30, 2025 general minimum wage rate in Toronto Ontario is $17.20 per hour.
Pay Period and Paydays
1. What are the required pay periods and paydays for employees using payroll services in Toronto?
Employers must establish regular pay periods and paydays. All wages earned during a pay period, excluding accruing vacation pay, must be paid by the regular pay day for that period. According to the Government of Ontario.
2. How should wages be paid to employees in Toronto through payroll services?
Wages can be paid in cash, by cheque, or through direct deposit. Effective June 21, 2024, employees must select their own bank account for direct deposits, which must be in their name. According to the Government of Ontario.
3. What happens to wages when an employee's employment ends while using payroll services in Toronto?
Employers must pay any outstanding wages, including vacation pay, no later than seven days after the employment ends, or on the next regular pay day, whichever is later. According to the Government of Ontario.
Employee Deductions and Wages
1. What information must be included in wage statements provided by payroll services in Toronto?
Wage statements must detail the pay period, wage rate, gross wages, deductions, and net wages. These statements must be provided in writing or via email to employees. According to the Government of Ontario.
2. What types of deductions can be made from employee wages when using payroll services in Toronto?
Only statutory deductions (e.g., income tax, EI, CPP), court-ordered deductions, and deductions with written employee authorization are permitted. According to the Government of Ontario. For more information, see our blog on understanding employee deductions.
3. Can employers in Toronto deduct wages for losses or damages?
No, employers cannot deduct wages to cover losses due to "faulty work" or cash/property shortages unless the employee had sole access and provided written authorization. According to the Government of Ontario.
Vacation Pay and Public Holidays
1. How can employees request information about their vacation pay through payroll services in Toronto?
Employees may request a statement containing their vacation pay information in writing, which must be provided by the employer no later than seven days after the request. According to the Government of Ontario.
2. How is vacation pay calculated for employees using payroll services in Toronto, Ontario?
Employees are entitled to a minimum of four per cent or six per cent of their gross wages earned in the vacation entitlement year. Those with less than five years of employment receive four per cent, while those with five years or more receive six per cent. According to the Government of Ontario.
3. When should vacation pay be disbursed to employees in Toronto, Ontario?
Vacation pay earned during a vacation entitlement year must typically be paid in a lump sum before the employee takes their vacation. However, exceptions exist, such as when vacation is taken in shorter periods or if the employee agrees to receive vacation pay with each paycheck. According to the Government of Ontario.
4. What happens to vacation pay when an employee's employment ends while using payroll services in Toronto, Ontario?
Upon termination, employees are entitled to any unpaid vacation pay earned. This includes vacation pay from both the current and previous entitlement years, calculated based on their length of employment. According to the Government of Ontario.
5. Can an employee’s contract provide better vacation benefits than the minimum required by law when using payroll services in Toronto, Ontario?
Yes, if an employee's contract or collective agreement offers more favorable vacation benefits than the minimum established by the Employment Standards Act, the employee is entitled to those greater benefits. According to the Government of Ontario.
6. How do public holidays affect vacation pay for employees in Toronto, Ontario?
If a public holiday falls during an employee's vacation, they can either receive a substitute day off with public holiday pay or be paid for that day without taking a substitute day off, provided they agree to this arrangement.
According to the Government of Ontario.
What is a T4 Statement of Remuneration Paid?
A T4, or Statement of Remuneration Paid, is an information slip that employers in Canada must issue to employees and file with the Canada Revenue Agency (CRA). It details employment income and deductions, such as income tax, Canada Pension Plan (CPP) contributions, and Employment Insurance (EI) premiums, paid throughout the year. T4s must be provided to employees and submitted to the CRA by the end of February following the tax year.