This article is for Payroll by Wave in Canada.
It's nice to not worry about payroll tax and that Wave has it taken care of. Follow the steps below to set up allowing Wave to remit taxes for payroll on your behalf.
Before you begin, you'll need to set up payroll direct deposit and have a CRA number for payroll tax remittances.
1. Click on Settings in the bottom left corner and choose Tax Profile from the drop down menu below Payroll.
2. Under "CRA Payroll Account Number" click on the 'New Identifier' button. On the popup modal enter your CRA payroll number and effective as of date. This number should have an "RP" in it. When entered, click the SUBMIT button.
3. Select whether Wave should do Monthly remittances, Threshold 1 or Threshold 2 (accelerated remittances) on your behalf. This information should have been given to you by the CRA when you registered your business. See more about CRA remittance due dates.
You're done! Wave will now submit your payroll taxes to the CRA on your behalf.
You can look at the Taxes tab > Remittances, to see which will be handled by Wave and which would be handled by yourself (if Payrolls were approved with this feature turned off).
Last updated: January 3rd, 2014