Payroll Done Right — Deductions, Remittances and T4s Without the Stress
Trim Tax runs your payroll, remits to the CRA on time and files your year-end slips — so you never face a payroll audit or director's liability for missed remittances.
Payroll compliance is not optional
Source deductions are trust funds. When CPP, EI and income tax withheld from employees are not remitted, the CRA moves faster than on almost any other debt — and directors can be held personally liable under section 227.1 of the Income Tax Act.
Add provincial obligations (WSIB, Ontario Employer Health Tax, BC Employer Health Tax), Records of Employment on Service Canada, taxable benefits and year-end slips, and payroll quickly becomes a compliance function most small businesses are not equipped to run in-house.
Trim Tax gives small and medium employers a reliable payroll function: correct calculations with current-year rates, timely PD7A remittances, pay statements and direct deposit for staff, and clean year-end reporting that reconciles to your general ledger and T2.
Owner salaries, contractors and taxable benefits
Many incorporated owners pay themselves a salary to build RRSP room and CPP entitlement; we run that payroll and coordinate it with your corporate compensation plan. Businesses using contractors need T4A slips (and T5018 in construction) and must manage the risk that a "contractor" is really an employee.
Company vehicles, allowances, group insurance, gifts and stock options create taxable benefits that must be valued and reported. We handle each correctly so nothing surfaces in a later audit.
Payroll services
- Payroll account (RP) setup, TD1 collection and employee onboarding
- Weekly, bi-weekly, semi-monthly or monthly payroll processing
- CPP, CPP2, EI and federal/provincial income tax calculations at current rates
- Direct deposit files and employee pay statements
- PD7A remittance calculation, reminders and remittance on your behalf (monthly, quarterly or accelerated)
- Records of Employment (ROE) filed on Service Canada Web
- Year-end T4, T4A and T5 slips and summaries, filed electronically by the last day of February
- Taxable benefits: automobiles, allowances, group insurance, gifts and awards, stock options
- WSIB, Ontario EHT and provincial equivalents; vacation pay and statutory holiday calculations
- Contractor reporting (T4A) and construction subcontractor reporting (T5018)
- Employee-versus-contractor risk reviews
- Payroll catch-up: missed remittances, unfiled T4s, PIER reviews and payroll audit representation
Who we help
Small businesses hiring their first employee
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Owner-managers paying themselves a salary through their corporation
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Restaurants, retail, clinics, trades and agencies with hourly and salaried staff
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Construction companies with subcontractor reporting obligations
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Non-profits and charities paying staff and honoraria
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Employers who have fallen behind on remittances or received a CRA payroll letter
Book a consultationWhy choose Trim Tax for payroll
- CPA-supervised payroll that reconciles to your books and T2 — auditors look for exactly that.
- Remittance discipline: reminders or remittance on your behalf, so trust funds never become a director's-liability problem.
- Year-end done without scramble: T4s, T4As and summaries are prepared from a payroll that has been reconciled quarterly.
- Arrears experience: we bring accounts current, file missing slips and request relief where the facts support it.
- Priced per employee per pay run, quoted in writing.
- Integrated with bookkeeping, HST and corporate tax at one firm.
Frequently asked questions
Take payroll off your desk.
Book a free consultation with Trim Tax — call 647 243-5076 or email info@trimtax.ca.
