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Payroll for Real Estate Teams

Everyone you pay, in one run. One deadline that does not move.

Staff, Canadian contractors and assistants overseas. You approve each run. We pay them, file the CRA remittances and keep it all in one set of books.

Book an intro meeting

What we run

Six things, one schedule, one set of books

01Staff

Staff on payroll

Admin, ISAs, coordinators and listing managers. Salary or hourly, deductions remitted on time, vacation pay tracked.

Payroll
02Assistants overseas

Assistants overseas

Your assistants in the Philippines or India, paid in their currency through the same approval run. We send more than 130 overseas payments every month. Exchange differences recorded.

Accounts payable
03Contractors

Canadian contractors

Photographers, stagers and videographers. Paid through accounts payable, with T4A slips issued where required.

Accounts payable
04Records of employment

Records of employment

When someone leaves, we file their record of employment with Service Canada, so they can apply for EI and your business stays compliant.

Payroll
05Your own pay

Your own pay

Salary, dividends or a mix, set on purpose as part of your year-end tax planning.

Tax planning
06Year end

Year end

T4s and T4As prepared, filed and sent. Payroll matched to your statements and your corporate tax return.

Filed on time

Tap a panel to open it.

Get it right early

Employee or contractor?

Usually on payroll

  • Admin
  • ISAs
  • Marketing coordinators
  • Listing managers

Salary or hourly staff.

Your transaction coordinator?It depends on how the work really happens, not on what either of you calls it.If the CRA disagrees, the reassessment lands on your business.

Usually contractors

  • Photographers
  • Stagers
  • Videographers

People running their own business.

The deadline that does not move

T4s and T4As are due by the last day of February.

For the year before. This is a CRA deadline, so it is the same in every province. We prepare, file and send the slips before it.

Source: CRA, “When to file information returns”.

How it works

We do the work. You approve.

StepWe doYou do
1

Review

Look at everyone you pay and how. Flag anyone set up wrong, with what to do.
Tell us who you pay
2

Set up

Connect payroll to your books. Register your CRA payroll account if needed. Set pay schedules.
Nothing
3

Each pay run

Prepare the run, pay everyone and file the remittance.
Approve, and tell us about changes
4

Year end

Prepare, file and send T4s and T4As. Match payroll to your statements and tax return.
Nothing

Questions

Ask us anything about payroll

Type a word to find your question.

Tap a question to see the answer.

Is my transaction coordinator an employee or a contractor?

It depends on how the work really happens, not on what either of you calls it. We look at yours and tell you where it sits.

Do my agents go on payroll?

Almost never. Agents are usually paid commission through the brokerage. We make sure it is recorded right and matches your production report.

Should I pay myself salary or dividends?

It depends on your corporate income, your personal income, your RRSP room and your plans. We decide it with you at year end.

Do you handle my assistant in the Philippines or India?

Yes. They go through the same approval run as your Canadian suppliers, paid in their currency and recorded correctly. We send more than 130 overseas payments every month.

I already use a payroll provider. Do I have to switch?

Not always. If it connects cleanly to your books, we run it where it is. If not, we tell you why.

I have missed remittances. Can you help?

Yes. We deal with the CRA, get your account current and set it up so it does not happen again.

Is payroll included, or extra?

Included. The number of staff depends on your tier. See pricing.

Stop thinking about payroll.

A 15-minute intro meeting with Hashim Awad, CPA. Tell us who you pay and how. We tell you what it takes to hand it all over.

Book an intro meeting

Related: Accounting for Real Estate Teams, Corporate Tax Returns

Your payroll to-do list

  • Run payroll
  • Pay contractors and assistants
  • File remittances
  • T4s and T4As

Handled by Concept.