One thing that “the parenting books” fail to discuss is how to run a household. Life becomes a lot more complicated once little Johnny arrives and the days of thinking about just the two of you are long gone. Arguments arise over housework, childcare, and for many families, elder care. Pretty soon you find yourself completely overwhelmed juggling the needs of work, family and your home.
We’re all tapped-out. We’re all feeling the stress of trying to manage it all, but here’s the thing: we don’t have to. While we can choose to lean-in, we can also choose to lean-out. Outsourcing is different for every family, but there are many options that can help lighten the load, alleviate stress, and allow you to have more time to do what makes you happy.
Millions of families employ a caregiver across Canada, whether it is a nanny, elder caregiver, or adult caregiver. What most of these families don’t realize, however, is that when you hire a caregiver, your household now has the same legal responsibilities any business would have for its employees.
Fortunately, you don’t have manage it alone. This is where HeartPayroll comes in.
HeartPayroll is the most used household caregiver payroll and tax service in Canada. HeartPayroll stemmed from a growing need within the caregiving industry and emerged as the most affordable solution to helping households become legal employers.
Getting set up as a household employer is a cumbersome event. For starters, the family must register with the CRA and WSIB/WCB in their province. You are also legally required to issue pay stubs with every payment, and have to produce a T4 yearly. There are rules surrounding statutory holidays, accrued vacation, and other employment law matters to contend with.
Not to mention, getting any one of the many steps wrong is risky and expensive, as the CRA levies heavy fines to employers who don’t follow all the rules. Families that deal with all this by themselves need to dedicate a lot of time and effort to learning the rules and calculating different payment scenarios. Sadly, this often results in fines for even slight, accidental transgressions.
HeartPayroll takes care of everything surrounding household caregiver payroll and taxes, and we mean everything. The HeartPayroll service includes:
- Paying your nanny or caregiver via direct deposit
- Calculation of net and gross pay, taxes, CPP, and EI amounts
- Producing and filing T4s at tax time
- Providing the T4 and T4 Summary
- Canada Revenue Agency (CRA) registration
- Remittance of all source deductions
- Producing pay stubs and receipts each period
- Calculating taxable benefit of room & board
- All paperwork required for “landed status” caregivers
Priced at only $39.99/month for all of the above, HeartPayroll is the most cost-efficient payroll service on the market (seriously, we’ve checked).
In essence, this new, simple online service handles all of the ‘taxing’ questions and tasks that come with employing a caregiver. Clients are also given a payroll expert guide (a real live human!) to walk them through the many questions that come with becoming a legal employer.
If you’d rather spend your Saturday afternoons doing something more exhilarating than navigating the complicated, opaque world of household caregiver payroll and taxes, sign up for HeartPayroll today.