Check list twice before processing year-end

Be prepared for the busiest time of year by setting aside time to review and update
By Janet Spence
|Canadian Payroll Reporter|Last Updated: 12/07/2011

Year-end is the busiest time of the year for payroll practitioners, so you need to make sure you are ready. Set aside time to review and update the year-end process, and implement any changes that impact your organization.

While there are many facets to the  process, one of the most important is correctly reporting taxable income and statutory deductions to the Canada Revenue Agency (CRA) and Revenu Québec.

To make year-end a smoother process, be vigilant throughout the year.