Bookkeeping & Payroll

RN Canada keeps the books and runs the payroll for owner-managed businesses across Alberta and British Columbia. Clean, current books are the foundation everything else sits on — your financial decisions, your lender conversations, your year-end and, ultimately, the accuracy of your tax returns. We handle the monthly cycle so you are not chasing receipts at year-end, and we run payroll so your employees are paid correctly and your source deductions are calculated and remitted to the Canada Revenue Agency on time.

What's included

• Monthly bookkeeping — recording and categorising every transaction so your books stay current rather than piling up for a year-end scramble.
• Bank and credit card reconciliations — matching every account to its statements so the books reflect reality and errors surface early.
• Accounts payable and receivable — tracking what you owe and what you are owed, so cash flow is visible and nothing slips through.
• Financial statements — regular income statements and balance sheets that show how the business is actually performing.
• Full-cycle payroll — running pay, calculating CPP, EI and income tax withholdings, and preparing T4 and T4A slips at year-end.
• Source deduction tracking — calculating the amounts to remit to the CRA and keeping the remittance schedule on track.
• GST/HST tracking and return preparation — recording GST/HST collected and paid through the year and preparing your returns so they are accurate and ready.

Bookkeeping that holds up at year-end

The value of bookkeeping shows up twice: month to month, when you need to know where the business stands, and at year-end, when accurate books make tax return preparation fast and defensible. We reconcile your bank and credit card accounts so the books tie out to the statements, keep accounts payable and receivable current, and produce financial statements you can read. Because the books are continuously maintained rather than reconstructed once a year, the numbers that flow into your corporate or personal return are already clean — which is what keeps return preparation accurate and audit-ready. For a deeper look at deductible costs that good bookkeeping captures, see our small business tax deductions guide.

Payroll and source deductions

Running payroll is more than cutting cheques. As an employer you withhold Canada Pension Plan contributions, Employment Insurance premiums and income tax from each employee's pay, add the employer's portion of CPP and EI, and remit the combined amount to the Canada Revenue Agency on the schedule the CRA assigns to your business. At year-end, employment income is reported to each employee and to the CRA on T4 slips, with T4A slips used for other amounts such as certain contractor or pension payments. We calculate the withholdings on every pay run, track what is owed, keep the remittance calendar on track, and prepare the year-end slips. Source: Payroll — Canada.ca. For Alberta-specific payroll detail, our Alberta payroll guide walks through the moving parts.

GST/HST tracking and return preparation

If your business is registered for GST/HST, we track the tax you collect on sales and the input tax credits on what you buy throughout the period, then prepare your GST/HST return so the figures are accurate and ready to file on your filing frequency. Registration becomes mandatory once your taxable revenues exceed $30,000 over a single calendar quarter or over the last four consecutive calendar quarters — the small-supplier threshold. Source: When to register for and start charging the GST/HST — Canada.ca. If you are approaching that threshold or unsure whether you need to register, our GST/HST registration guide explains the rules in full.

Who it's for

This service fits Alberta and BC owner-managers who want their books kept current rather than reconstructed at year-end, businesses with employees that need reliable payroll and accurate source deductions, and GST/HST-registered companies that want their tax tracked and their returns prepared without the year-end panic. It pairs naturally with year-end work: clean monthly books are what make accurate, ready-to-file tax returns possible.

How RN Canada helps

We take the monthly bookkeeping cycle off your desk, reconcile your accounts, keep AP and AR current, produce financial statements, run your payroll with correct CPP, EI and income tax withholdings, prepare your T4 and T4A slips, and track GST/HST so your returns are ready when filing is due. Our founder, Ozgur Duymaz, holds a Ph.D. in accounting and finance and is a CPA (Canada), ACCA (UK) and CMA (US). To get your books and payroll handled, talk to us or browse the full services overview.

This page is general information, not personalized tax advice. Speak to us about your specific situation.