BAASS Insights Technology Blog

The Canadian Government has created the Canada Emergency Wage Subsidy (CEWS) in response to the financial impact COVID-19 is having.  This subsidy program was initially known as the Temporary Wage Subsidy, although as the situation evolved, so did the subsidy. 

We are all a little on edge these days about finances, job security and the health of ourselves and loved ones.  The Canadian Government is trying to help all Canadians with financial hardships due to COVID-19. For business owners’ this is one part of the economic response plan.

Getting paid and paying your staff is one of the top priorities of both employees and ownership. Regardless of the size of the organization, ensuring payroll is run correctly and on time is always top of mind. Having your payroll integrated with your ERP (Enterprise Resource Planning) will both streamline and automate this process. One ERP solution that provides a payroll module out of the box is Sage 300cloud (formerly known as Accpac).

Staying up to date with changing legislation and regulations can be troublesome for busy professionals. With several new rules affecting the 2020 payroll, BAASS has put together a summary of what you need to know.

A Registered Retirement Savings Plan (RRSP) is a type of financial account that holds savings and investment assets. RRSP funds are crucial for retirement, so it is important to contribute to this fund each year. By contributing to your RRSP you are reducing your annual gross salary your income tax is calculated on, which may reduce the amount of tax you pay at tax time. But how much is too much? In this blog, we will discuss how to calculate your maximum annual contribution limit. 

Over the last decade, we have seen major technological advancements across different industries. Technology has helped organizations streamline their processes, organize large quantities of information, as well as analyze gathered data. We understand that it is difficult to keep up with the constantly evolving technologies being offered in the market. For this reason, we decided to make this year’s outlook on payroll management a little easier. If you’re wondering what the landscape of payroll may look like, keep reading!

We have successfully started a new year and a new decade. Now that the calendar has rolled over there are a handful of business items we need to handle, one being to ensure our payroll is ready for the new year. Here are 6 key items to get you started, and don’t forget to download the checklist to help you have a smooth Payroll Year-End.

JURISDICTIONAL UPDATES

As of December 24th, 2019, below are a variety of updates based on province. Please note these are subject to change