Running payroll seems simple — until the CRA sends you a penalty notice or an employee complains.
Here are the 5 most common (and expensive) payroll mistakes we see every month with Toronto and GTA small businesses in 2025… and exactly how to fix them before they cost you thousands.
- Misclassifying Employees vs Independent Contractors
→ Mistake: Paying someone as a contractor when CRA considers them an employee.
→ Fix: Use the CRA’s free “Request a CPP/EI Ruling” tool or let us review it for you in under 24 hours. - Forgetting to Remit Source Deductions on Time
→ Mistake: Missing the 15th-of-the-month deadline for CPP, EI, and tax remittances.
→ Fix: Set up automatic withdrawals or let us handle every remittance — 100% on time, guaranteed. - Incorrect Vacation Pay Calculation
→ Mistake: Still paying 4% when the employee is now entitled to 6% after 5 years.
→ Fix: Run a quick vacation liability report in QuickBooks — we’ll do it for you in minutes. - Missing or Late T4/T4A Slips (February 28 deadline)
→ Mistake: Last-minute rush leads to errors and $1,000+ penalties.
→ Fix: We prepare and e-file all T4/T4A slips for our clients by mid-February every year — zero stress. - Ignoring 2025/2026 Rate Changes
→ Mistake: Still using 2024 CPP/EI rates in January → automatic under-remittance penalties.
→ Fix: One click updates everything. We do it for all clients before December 31.
Stop guessing and start sleeping at night.
Info Bookkeeping fixes payroll mistakes for Toronto-area businesses every single week — usually for less than the cost of one CRA penalty.
Ready to get your payroll 100% compliant?
Call or text us at 647-247-9817 or email biljana@infobookkeeping.ca for a free 15-minute payroll health check.
We’ll find any hidden mistakes and give you a fixed-price quote to take it all off your plate.
Don’t wait for the brown envelope from CRA — contact us today.