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A pay stub is a document from an employer detailing an employee’s gross earnings, deductions, and net pay, created alongside paychecks for each pay period.
A T4 slip outlines your income from a specific employer, including deductions like income tax, employment insurance, and Canada Pension Plan contributions.
A pay statement is a document detailing an employee’s gross pay, taxes, deductions, and net pay, used by employers and employees for verification of compensation and loan approval.
Understanding CRA tax slips can help determine withheld taxes and reduce owed taxes. A T4 slip is part of CRA tax returns and is essential for understanding how to pay taxes in Canada.
Azbisel provides an expert support while you opening a CRA account and helps with your HST/GST number setup.
Payroll involves tracking employee hours, calculating pay, and distributing payments through direct deposit or check to employee bank accounts.
Startup accounting involves maintaining precise financial records and scrutinizing finances to identify growth opportunities and areas for improvement.
Are you raising children under 18? Azbisel can help you with all the process applying Canada Child Benefit!
Learn more, give us a call today!
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