Hiring Your First Employee? Avoid These Payroll Pitfalls

New to payroll in Canada? Learn how to register, calculate CPP/EI/tax deductions, remit on time, and issue T4s without triggering CRA penalties. Plus, grab our free Canadian payroll template to help you stay organized. ****************************** ✅ Sign up for our newsletter here: https://www.avalonaccounting.ca/weekl... ****************************** 🎥 CONTENTS OF THIS VIDEO 00:00 - Intro ****************************** 🔗 MENTIONED IN THIS VIDEO ► CRA Payroll Calculator: https://www.canada.ca/en/revenue-agen... ► FREE Payroll Template (video and written instructions included) : https://avalonaccounting.ca/blog/free... ► How to Issue a T4 (Blog): https://avalonaccounting.ca/blog/free... ► Employee Vs. Contractor Guide: https://avalonaccounting.ca/blog/empl... ****************************** 🅰️ AVALON ACCOUNTING Avalon is a virtual accounting firm located in Canada. We aim to be THE online accounting department for small businesses in Canada. We provide online bookkeeping, accounting services and expert financial advice for small businesses. We are on a mission to educate small business owners through our YouTube channel, blog and free resources. Check out our links below to dive in. ► Website: https://www.avalonaccounting.ca/ ****************************** 🧑‍🏫 ONLINE COURSES ► Take your business to the next level with our online courses. https://www.avalonaccounting.ca/courses ✅ ESSENTIAL FINANCIAL CONCEPTS FOR SMALL BUSINESSES (🆓FREE COURSE) ► Keys to building a business that provides owners with time, money and purpose. https://www.avalonaccounting.ca/cours... 🖥️ LEARN MODERN BOOKKEEPING ► Learn to do your own bookkeeping with modern tools and our proven practices. https://www.avalonaccounting.ca/cours... 📈 BOOKKEEPING AND TAX FOR FREELANCERS ► This course teaches sole proprietors how to simplify bookkeeping and taxes. https://www.avalonaccounting.ca/cours... ****************************** 💼 20% OFF INCORPORATION WITH OWNR If you are looking to incorporate (in Canada) and want to save some cash, check out Ownr with our affiliate link for 20% off incorporation costs: ► https://www.ownr.co/partners/avalon-a... We may receive compensation when our link is used to sign up with OWNR ****************************** 🧑🏻‍🏫 FREE BUSINESS GUIDES: ► Starting Your Business Guide: https://joecollins.typeform.com/to/bc... ► Business Owner’s Productivity Guide: https://joecollins.typeform.com/to/zJ... ► Financial Foundations Guide: https://joecollins.typeform.com/to/jF... ► $1 Million Dollar Service Based Business Guide: https://joecollins.typeform.com/to/e2...