(CA) Add company and payroll information

1. Navigate to the Company > Company info tab.

2. Legal company name – defaults to the company name you entered when you signed up for your Wagepoint account. This should be the legal name used on incorporation or business registration documents with the government. 

3. Doing Business As (DBA) – if your business conducts transactions under a name that is different from the official name of the company or the sole proprietorship. This could also be the business name associated with your company’s bank account, if different from your legal company name. 

4. Contact email – enter the email address for your company’s  primary payroll administrator. This may be different from the email address used to create an account in Wagepoint. We don’t send any notifications to this email address. 

5. Phone number – enter the phone number for your company’s primary payroll administrator. 

6. Company address – enter the address details for your company’s headquarters. 

7. CRA payroll account number – enter your payroll account number provided by the CRA, which follows the format i.e. 9-digit business number + RP + 0001 e.g.  123456789RP0001. This is the account to which the source deductions are remitted based on your remittance schedule.  

8. Revenu Quebec (RQ) payroll account number – if applicable, enter your payroll account number provided by RQ, which follows the format i.e. 10-digit business number + RS + 0001 e.g. 1234567890RS0001. This is the account to which the provincial source deductions for Quebec are remitted based on your remittance schedule.  

9. Revenu Quebec (RQ) employer HSF rate – if you would like Wagepoint to remit your contributions to the Health Services Fund, enter your company’s HSF rate as provided by RQ. Learn more

10. Remittance schedule – select the remittance schedule that applies to your company, based on your average monthly withholding amounts (AWMA) over a 2-year period. Learn more

    • Non-accelerated

      • Remittances are paid monthly

      • Remittances/payments for new or regular remitters are due the 15th day of the month following the one in which you made the deductions.

    • Accelerated threshold 1 

      • Remittances are paid twice a month

      • Remittances/payments for Threshold 1 remitters are due the 25th day of the same month for payroll processed in the first 15 days of the month. For payroll processed after the 16th day of the month, remittances/payments are due by the 10th day of the following month.

    • Accelerated threshold 2 – 

      • Remittances are paid weekly

      • Remittances/payments for Threshold 2 remitters are due no later than the third working day (not counting Saturdays, Sundays, or public holidays) after the 1st-7th, 8th-14th, 15th-21st and 22nd-last day of the month. In other words, no later than the 3rd business day after the week in which the payroll was processed.

11. Save changes to complete the setup of your company’s profile and payroll settings.