Are You Making These Payroll Mistakes? The CRA Is Not Forgiving in 2026

Avoid costly CRA payroll penalties with these simple tips. Learn how to manage your small business payroll correctly. #payrollmistakes #payroll ✅ Transfer money abroad with less fees using Wise: https://wise.com/invite/dic/tekunjaya... (Affiliate Link) ✅ Wealthsimple: Get a $25 sign-up bonus when you sign up and fund $100: ADBAGQ https://wealthsimple.com/invite/ADBAGQ (Affiliate Link) ✅ Venn Corporate banking, earn high interest and zero fees Credit card, Link: https://app.venn.ca/signup?referral=3... (Affiliate Link) ✅ Quickbooks for accounting discount: https://www.kqzyfj.com/click-10176781... (Affiliate Link) ✅ Etsy shop for our merchandise : https://businessincanada.etsy.com ✅ Business Credit Cards $ cash rebates/ points here: https://www.finlywealth.com/r/GXBgt3L... (Affiliate Link) Small business owners often struggle with the complexities of payroll management. If you are handling staff payments yourself, you need to ensure you are following the correct procedures to avoid unnecessary financial costs for your company. This guide covers the common errors that lead to late or missed payments to the government. By focusing on better small business payroll habits, you can stop making mistakes that hurt your bottom line. We also cover how to fix existing issues to ensure full Canadian tax compliance moving forward. Subscribe for weekly Canadian finance and tax strategy breakdowns, and comment below on which financial topic you want us to analyze next. 0:00 Common Payroll Pitfalls for Small Businesses 1:08 Deadlines and Deduction Accuracy 3:02 The Contractor vs. Employee Trap 4:22 Record Keeping and Ongoing Compliance