Wave

Hiring your first employee adds payroll to your list, and it's more than transferring net pay to a bank account. This guide walks through the seven actions — register, collect, calculate, pay, remit, record, report — from opening your CRA payroll program account to calculating CPP, EI, and income tax deductions.

The TD1 tells you how much income tax to deduct from a new employee's pay. This guide covers what it is, which forms to collect, and what to do with them before the first paycheck.

Generating T4 slips and filing the return with the CRA are two separate jobs, and skipping the second is the mistake small employers make most. This guide runs the process end to end: confirm who needs a T4, review payroll records, complete the slips, file the return, and get copies to your employees.

Contractor payments are the most common T4A use case for small businesses — but not every contractor payment belongs on a T4A, and not every T4A reports contractor income. This guide walks through the full process: confirming the payment type, completing each slip, filing the return with the CRA, and getting copies to your recipients. Start with classification — it determines whether you need a T4A at all.

Software subscriptions add up quietly. This guide covers what belongs in total cost, how to price an hour of your own time honestly, how to run the calculation, what your P&L can and can't confirm, and how to test the whole thing over 90 days before the renewal date.

Learn what matters most in bookkeeping: receipts for proof, categories for reports, and reconciliation for accurate small business records and tax prep.

Take the fear and stress out of tax season with this comprehensive guide to confidently managing your books, audit-proofing your business, and getting your taxes done right.

Ditch the manual spreadsheets and complex workarounds. Learn how to use tags to organize your income and expenses as you work, unlocking clearer reporting and deeper business clarity right inside Wave.

High revenue doesn't always guarantee profit. Discover how hidden costs like scope creep, endless revisions, and late payments are quietly draining your cash flow, and learn how to use a simple tagging system to identify exactly which clients are hurting your bottom line.