2016-11-09 00:00:00 Setup Payroll English Follow these steps to open a payroll account with the Canada Revenue Agency. You need to set up your payroll account before you can pay... https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/Woman-Opening-Payroll-Account-Business.jpg How to Open a Payroll Account

How to Open a Payroll Account

0 min read

When you start your own business and hire your employees, you need to open a payroll account with the Canada Revenue Agency before you can pay your employees. You also need a payroll account to make mandatory deductions, including Canada Pension Plan and Employment Insurance. To open a payroll account, take the following steps:

  • Register for a Business Number if you don’t already have one.

  • To register for a payroll account online, go to the Business Registration Online website.

  • To register by mail or by fax, download the RC1B form from the CRA website. Mail or fax the completed form to a tax service office near you.

  • To register by phone, call CRA’s business enquiries at the phone number listed on the CRA website.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Payroll Tips and Tricks

Managing your small business’s payroll can be a bear. It is complicated,…

Read more

Setting Up Your Payroll: Part 1

Most small businesses start with a few contract employees, but as they…

Read more

Forget the Filing Cabinet in Favor of Online Payroll Processing

Online payroll processing allows small businesses to store payroll information in a…

Read more