Highlights
Automated Tax Calculations
WorkiyHR automatically calculates federal and provincial income taxes, Canada Pension Plan (CPP) contributions, and Employment Insurance (EI) premiums. This automation ensures compliance with the Canada Revenue Agency (CRA) guidelines, reducing manual errors and administrative burden.
Comprehensive Year-End Reporting
Generate essential year-end tax documents such as T4, T4A, and RL-1 slips effortlessly. WorkiyHR streamlines the preparation and distribution of these forms, ensuring timely compliance with CRA and Revenu Québec requirements.
Real-Time Compliance Monitoring
Stay informed with real-time updates on tax regulations and compliance status. WorkiyHR provides alerts and notifications for any changes in tax laws, helping your organization remain compliant and avoid potential penalties.
All Functions at a Glance
Federal and Provincial Tax Management
Automatically calculate and withhold appropriate federal and provincial income taxes for each employee, ensuring accurate deductions.
CPP and EI Contributions
Manage both employer and employee contributions to the Canada Pension Plan and Employment Insurance, adhering to current rates and maximums.
Employer Health Tax (EHT) Calculations
For applicable provinces, calculate and remit Employer Health Tax accurately, ensuring compliance with regional requirements.
Workers’ Compensation Board (WCB) Reporting
Generate reports and manage contributions for provincial Workers’ Compensation programs, maintaining compliance with occupational health and safety regulations.
TD1 Form Management
Collect and manage federal and provincial TD1 forms to determine accurate tax credits and personal exemptions for each employee.
Records of Employment (ROE) Generation
Create and submit ROEs electronically for employees experiencing interruptions in earnings, complying with Service Canada guidelines.
Taxable Benefits Administration
Identify and calculate taxable benefits, ensuring proper inclusion in income and accurate tax withholding.
Payroll Deductions Online Calculator Integration
Utilize CRA’s Payroll Deductions Online Calculator within WorkiyHR to verify calculations and ensure accuracy.
Remittance Scheduling
Set up schedules for remitting payroll deductions to the CRA and provincial tax authorities, avoiding late penalties.
Detailed Payroll Reports
Access comprehensive reports detailing earnings, deductions, and employer contributions, facilitating audits and financial analysis.
Employee Self-Service Portal
Enable employees to access their tax documents, including T4 and RL-1 slips, through a secure online portal.
Audit Trail
Maintain a complete history of payroll transactions and tax filings, supporting transparency and compliance audits.
Multi-Provincial Tax Handling
Manage payroll taxes for employees across different provinces, accommodating varying tax rates and regulations.
Real-Time Tax Updates
Receive automatic updates on changes to tax laws and rates, ensuring your payroll processes remain compliant.
Customizable Tax Reports
Generate tailored tax reports to meet specific business needs, aiding in strategic planning and decision-making.