2016-11-09 00:00:00Setup PayrollEnglishFollow 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.jpghttps://quickbooks.intuit.com/ca/resources/setup-payroll/how-to-open-a-payroll-account/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

You're Still Not Using Payroll Direct Deposit?

Using payroll direct deposit to pay staff wages benefits your small business…

Read more

Your Easy Guide to Payroll Deductions

As a small business owner, you have a lot of responsibilities, including…

Read more

Should I Pay for Payroll?

The decision whether to outsource the payroll function or keep it in…

Read more