Payroll Management in Toronto

Good Monday manages payroll for small businesses across Toronto and the GTA — from calculating wages and deductions to remitting source deductions, filing T4s, and staying compliant with WSIB and Employer Health Tax requirements. We handle it end-to-end so pay day is never a scramble and CRA compliance is never in question.

What's Included in Our Payroll Management Services

01

Accurate Payroll Processing

We calculate employee wages, overtime, and deductions correctly every pay period, on a bi-weekly, semi-monthly, or custom schedule that matches how your business runs.

02

Direct Deposit Payroll

Employees are paid on time, every time, via direct deposit — no manual cheques, no delays, no chasing down bank details mid-cycle.

03

Tax Deductions & Remittances

We calculate and remit CPP, EI, and income tax source deductions to the CRA on schedule, so your business avoids late-remittance penalties and interest.

04

T4 and T4A Preparation & Filing

At year-end, we prepare and file T4 and T4A slips for employees and contractors, using payroll records that are audit-ready year-round — not reconstructed in a rush every January.

05

WSIB & Employer Health Tax (EHT) Filing

We handle WSIB premium calculations and filings and Employer Health Tax reporting, so your business stays compliant with Ontario-specific employer obligations most payroll software doesn’t flag on its own.

06

Employee Benefits Administration

We help manage payroll deductions tied to employee benefits — health insurance and retirement plan contributions — so your benefits program and your payroll stay in sync.

07

Employment Law & Compliance Support

Payroll touches employment law more than most business owners realize. We help keep your payroll process compliant with current employment standards, minimizing legal exposure.

08

Employee Terminations & Records of Employment (ROEs)

When an employee leaves, we prepare accurate Records of Employment and calculate final pay correctly — final pay, vacation payout, and statutory requirements included.

09

CRA Payroll Inquiries & Follow-Ups

If the CRA has questions about your payroll account or remittances, we respond and follow up on your behalf, so you’re not the one on hold with the CRA.

10

Risk Identification & Mitigation

We flag payroll-related financial, operational, and compliance risks before they become expensive problems — missed remittances, misclassified workers, or benefit administration gaps.

Who We Help

Good Monday’s payroll management is built for small and growing businesses in Toronto that have outgrown “just running it through the bank” but aren’t ready for an in-house payroll department. We work with:

How Our Payroll Process Works

01

Consultation

We look at your current payroll setup (or lack of one) and current pay schedule, employee count, and any compliance gaps.

02

Setup or transition

We set up your payroll system or transition it from your current provider, with no missed pay periods during the switch.

03

Ongoing processing

Every pay period, we calculate wa

04

Compliance filings

WSIB, EHT, and CRA remittances are filed on their required schedules — you don’t have to track any of these dates yourself.

05

Year-end wrap-up

T4s and T4As are prepared and filed, and your records are ready if the CRA ever has questions.

Why Toronto Small Businesses Choose Good Monday for Payroll

01

Never miss a pay day or a remittance deadline

Payroll runs on schedule, every time, regardless of what else is happening in your business.

02

One dedicated contact

Who knows your business and your employees, not a rotating support queue.

03

Ontario-specific compliance built in

 WSIB and EHT are handled as a standard part of the service, not an afterthought.

04

Transparent, published pricing

04

3 years managing payroll for Toronto small businesses

Across hospitality, construction, professional services, and more.

Key Payroll Compliance Dates & Thresholds for Ontario Employers

Requirement

What to Know

CRA source deduction remittances

Due monthly, quarterly, or accelerated, based on your average monthly withholding amount

T4 / T4A slips

Due by February 28 (or the last day of February) each year

WSIB premium reporting

Reporting frequency depends on your WSIB account size — monthly, quarterly, or annually

Employer Health Tax (EHT)

Ontario employers with payroll over the exemption threshold must register and remit EHT; annual return due by March 15

Records of Employment (ROE)

Must be issued within 5 calendar days of an interruption in earnings

Note: Exact dates and thresholds depend on your specific CRA and WSIB account status — this table is general guidance, not a substitute for a review of your business’s account.

Frequently Asked Questions

Cost depends on your number of employees, pay frequency, and whether benefits administration is included. Good Monday’s packages start from $250/month and include payroll processing, remittances, and T4 filing

Payroll software calculates pay, but it won’t catch a missed WSIB filing, an EHT registration you didn’t know you needed, or a misclassified employee. Outsourced payroll management adds the compliance oversight software alone doesn’t provide.

Most Ontario employers need to register once their annual payroll exceeds the EHT exemption threshold. We handle registration and ongoing EHT filing as part of our payroll service.

Most transitions are completed within one pay cycle, with no missed or delayed pay days for your employees during the switch.

The CRA charges penalties and interest on late remittances. If you’re behind, we review what’s outstanding, bring your remittances current, and set up a schedule so it doesn’t happen again.

Yes — we work with hospitality clients managing shift-based, hourly, and tipped staff, and build the payroll schedule around how your business actually operates.

Yes. We calculate final pay accurately and prepare the Record of Employment (ROE) within the CRA’s required timeframe, so terminations don’t create compliance gaps.

Related Services

Payroll tax remittances and T4s feed directly into your year-end corporate filing.

Get policy and employment-law support alongside payroll.

Accurate books make payroll reconciliation faster and cleaner.

Plan staffing costs and payroll budget strategically.

Ready to take payroll off your plate?

Contact us and see exactly where your current setup stands.