Trusted Payroll Experts
At ValueNode Accounting, we provide more than basic payroll processing. We deliver CPA-backed expertise and attention to detail that set us apart from traditional firms..
Our managing partner, a CPA with a PhD in Accounting from the University of Calgary, brings analytical depth and precision to every client engagement..
As a result, we take a proactive approach to payroll management, ensuring each payment, deduction, and remittance is accurate, timely, and fully compliant with CRA regulations..
Our clients benefit from seamless payroll operations, reduced administrative burden, and confidence that their employees are supported.
What We Offer
Accurate Processing
Timely and precise payroll processing is crucial for any business success. By ensuring that every paycheck, deduction, and remittance is handled correctly, we keep your payroll operations accurate and compliant.
CRA Compliance
We ensure employees are paid correctly and on time, with all payroll remittances submitted in full compliance with CRA regulations, supporting a positive workplace and protecting businesses from costly penalties.
Why Choose Us?
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Customized payroll services tailored to your business needs
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Accurate processing with full CRA compliance guaranteed
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Timely pay runs and transparent payroll reporting every cycle
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CPA-backed expertise to prevent costly payroll errors and risks
Why Choose Us?
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Customized payroll services tailored to your business needs
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Accurate processing with full CRA compliance guaranteed
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Timely pay runs and transparent payroll reporting every cycle
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CPA-backed expertise to prevent costly payroll errors and risks
Book a Discovery Call
Our CPA brings advanced credentials and expertise that set us apart. We provide exceptional payroll services that ensure employees are paid correctly and on time while staying fully compliant with CRA requirements. Book a free consultation to simplify your payroll and protect your business from costly errors.
What Our Clients Say
You Aren't the First to Ask This Question
What is included in payroll services?
Payroll services typically include calculating employee wages, deducting taxes and benefits, remitting source deductions to the CRA, issuing pay stubs, processing direct deposits, preparing T4s and T4As, and handling Records of Employment (ROEs) when needed. At ValueNode Accounting, we provide full-service payroll management tailored to your business needs.
How often should payroll be processed?
Payroll can be processed on a weekly, bi-weekly, semi-monthly, or monthly basis, depending on your business structure and employee agreements. Most small businesses in Canada choose either bi-weekly or semi-montly payroll to align with employee expectations and ease of cash flow management.
What are the employer's payroll responsibilities in Canada?
Employers must calculate and deduct income tax, Canada Pension Plan (CPP) contributions, and Employment Insurance (EI) premiums from employee wages. In addition to employee deductions, employers are also responsible for making mandatory employer contributions to CPP and EI. Employers must remit both the employee and employer portions to the CRA, maintain accurate payroll records, and file annual information returns such as T4 slips.
What happens if payroll remittances are late or incorrect?
Late or incorrect remittances can result in significant penalties and interest charges from the CRA. The penalty for late payroll remittances starts at 3% and can increase up to 10% depending on how late the payment is. Repeated failures can also lead to additional penalties of 20% in cases of gross negligence. Accurate and timely payroll management is crucial to avoid these costly compliance issues. With ValueNode Accounting handling your payroll, you can ensure that all filings and payments are made correctly and on time.