We have used Wave payroll for several years both to pay our employees in our small business and also to pay our our full time nannies. It has made payroll, CRA remittances, issuing T4s and ROEs much easier. We will certainly recommend Wave to other friends paying nannies or for friends who also run businesses! – Sonia Strobel
myBestHelper is an online service connecting families to trustworthy nannies, home care providers, and senior caregivers in their local area. Families looking to find great household employees can use the service’s vetting process to find the right helper and feel confident in their selection.
Once you’ve found the right person, make sure you’re prepared to look after payroll and taxes. Your full-time nanny or caregiver will be considered an employee, which means you need to stay on top of your EI and CPP deductions. That’s where Wave comes in. We’re making our payroll service available to myBestHelper users as an easy, cost-effective option for paying household employees.
Wave’s payroll service lets you pay your employees by direct deposit or cheque, and includes T4s, automatic tax remittances to the CRA, and guaranteed accuracy. That means you can trust that you’re giving the best experience back to the people who take great care of your home and your loved ones.
The information and tips we’re sharing in this article are meant to be a starting point for your year-end tax prep, so you can be informed and feel confident when working with your accountant. Be sure to check with a tax expert in your country or region for any specific advice you need, as each business (and tax district) is different. As our lawyers would say: “This article is for informational purposes only. It should not be considered legal or financial advice.”