PAYROLL SERVICES FOR SMALL BUSINESSES
Automate paydays Stay compliant
with M7 Group™
Payroll services simplify paydays, ensure compliance, and ease year-end tax filing for businesses of any size.
Every payroll package includes your own dedicated accountant
Essential
Suitable for self-employed or solo entrepreneurs.
- Dedicated accountant
- Single-state payroll
- Easy, guided set-up
- Standard reporting
Pro
Suitable for small businesses looking for employee benefits and HR assistance.
- Everything in Advanced, and:
- Workers’ compensation
- HR tools and resources
- Timekeeping
Advanced
Suitable for small businesses with more than one employee.
- Everything in Essential, and:
- Easy pay-out for contractors
- Comprehensive reports
- Accurate T4 and T4A preparation for tax season
WSIB Registration
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Help open a new WSIB account
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Guide on required documentation and WSIB needs
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Initial consultation for compliance and client understanding
WSIB Quarterly Filing
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Preparation and filing of quarterly WSIB reports
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Ensuring timely and accurate submission to avoid penalties
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Keeping track of WSIB premiums and collecting necessary data
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Offering WSIB charge summaries and insights
How Payroll Errors Cost Almost $70K in CRA Penalties
And How M7 Reversed It All
Challenge
US Air Compressor Inc., a Canadian industrial equipment company, fell behind on payroll remittances due to internal administrative breakdowns.
This triggered aggressive CRA action:
Missed payroll remittances across multiple periods
Failure-to-file and failure-to-remit penalties
Compounding interest charges
Disorganized and incomplete payroll records
Serious risk of CRA enforcement and cash-flow disruption
By 2025, the CRA balance had surged to $68,870.40, placing the business under severe financial strain, with penalties and collections set to keep escalating without professional help.
M7 Solution
M7 executed a multi-month CRA resolution strategy using Odoo Accounting to challenge the assessment, correct errors, and recover overpayments.
What we did:
✔ Rebuilt historical payroll data from the ground up
✔ Reconciled CRA payroll accounts against actual filings and payments
✔ Identified misapplied payments, errors, and overassessed penalties
✔ Took full control of CRA communication, including repeated calls and follow-ups
✔ Opened a formal CRA review and reassessment process
✔ Submitted accurate documentation via Odoo
✔ Guided the client through compliance steps to strengthen credibility with CRA
This process required over five months of continuous CRA engagement, persistence, and technical payroll expertise.
Results
CRA completed its review and issued a full correction.
Final outcome:
CRA payroll account fully corrected
All overpaid penalties and assessed amounts reversed
CRA refund issued: $68,870.40 + Interests
Deposit period:
December 2024 – December 2025
The client recovered 100% of the assessed amount, eliminated CRA enforcement risk, and restored payroll compliance.
This case proves one thing:
CRA assessments aren’t always accurate, but challenging them effectively requires experts who know how to push back.
US Air Compressor Inc. recovered a significant CRA refund because M7 knows how to push back against the CRA.
How M7 Works
1. Schedule a Free Call
Consult with our team about your unique payroll requirements, and receive a tailored quote during your initial consult.
2. Meet your accountant
Based on your unique business situation, you’ll get access to an accountant who best meets your needs.
3. Get Result
Get back to business! Need to reach your accountant? Connect via phone, video, Odoo discuss App, or email.
Save time, cut costs, and ensure worry-free compliance
Receive a variety of accurate, user-friendly payroll reports. For a small fee, we’ll include union, certified payroll, workers’ compensation reports, and more.
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Dedicated payroll specialist for your industry in Canada
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Personalized support for all CRA filings
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Accurate calculations compliant with Canadian regulations
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Electronic CRA filing + record keeping
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24-7 access to your online portal
Key pay elements that impact payroll
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Workers’ Compensation
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Minimum Wage & Tips
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Overtime
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Payment method
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Pay Stub Laws
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Minimum Pay Frequency
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Paycheck Deduction Rules
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Final Paycheck Laws
Need help with Payroll? Start Here
Yes. In Canada, payroll taxes include:
- Canada Pension Plan (CPP) contributions
- Employment Insurance (EI) premiums
- Income tax deductions
- Provincial payroll taxes (applicable in certain provinces)
Employers are responsible for withholding these amounts from employees' wages and remitting them to the Canada Revenue Agency (CRA).
Payroll compliance in Canada refers to the legal obligations employers must follow regarding employee compensation, deductions, and reporting. This includes:
- Deducting and remitting income taxes, CPP, and EI
- Maintaining accurate payroll records
- Issuing T4 slips to employees and T4 summaries to the CRA
- Following provincial employment standards on wages, overtime, and vacation pay
- Complying with workers' compensation and other payroll-related regulations
Failure to comply can result in penalties and interest charges from the CRA.
Payroll compliance in Canada is regulated by:
- Canada Revenue Agency (CRA): Oversees payroll deductions, tax remittances, and reporting.
- Employment and Social Development Canada (ESDC): Enforces federal labor standards.
- Provincial/Territorial Ministries of Labour: Regulate employment standards, such as minimum wage and overtime rules.
Some provinces also have additional payroll tax requirements, such as Ontario’s Employer Health Tax (EHT) and Quebec’s CNESST contributions.
No, a Business Number (BN) issued by the CRA is a permanent identifier for tax purposes. However, you can close specific CRA accounts (such as payroll, GST/HST, or corporate tax) if your business is no longer operating.
To close a payroll account, you must:
- File all outstanding payroll remittances and T4 slips.
- Send a request to the CRA through your online account or by mail, providing your BN, business name, and reason for closure.
Even after closing, the BN remains on record with the CRA for future reference if needed.
Employers in Canada must contribute to:
- Canada Pension Plan (CPP): Matching employee contributions (5.95% in 2024, up to the maximum pensionable earnings limit).
- Employment Insurance (EI): Employer portion (1.4 times the employee contribution, up to the annual maximum).
- Provincial payroll taxes: Some provinces impose additional employer taxes, such as:
- Ontario Employer Health Tax (EHT)
- Quebec Parental Insurance Plan (QPIP)
- Manitoba and Newfoundland & Labrador payroll taxes
The total payroll tax burden varies depending on the province and the employee’s earnings.