Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Federal Budget Impacts Canadian Revenue Agency (CRA) Remittances

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On February 11, 2014, Finance Minister Jim Flaherty tabled the 2014 Federal Budget, entitled “The Road to Balance: Creating Jobs and Opportunities.” A key point for Telpay customers was the reduction in frequency of CRA Source Deduction remittances for some employers. The Budget proposed to increase the remittance thresholds for CRA Source Deduction remittances for amounts withheld after 2014. Continue reading

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

To My Valentine Direct Deposit

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Why do I love my direct deposit service? Let me count the ways. It is for the same reasons that I love paying personal bills with online banking – it’s easy, ultra-convenient and recipients love it!

Reason #1 – It’s Easy
Businesses should always be thinking of ways to become more efficient. Sending money with a few clicks of the mouse is certainly more efficient than dealing with the manual cheque processes – buying cheques, printing, signing, assembling – this is no longer the best way to pay employees or suppliers. Continue reading

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Telpay Sponsors Black Swans

Black Swan Project

Telpay is proud to sponsor Melissa Michalski B.Comm (Hons), CPB and Bea Dabrowski, BA, CPB of the CertPro Accounting Team Inc, who were accepted into the Institute of Professional Bookkeepers of Canada (IPBC) prestigious Black Swan 2 Project.

Jason Olson, Vice President of Strategic Partnerships stated:

“The Black Swan program is tough to get into.  The application process is extremely competitive and only chooses five Certified Professional Bookkeepers (CPB) per year from across Canada.  Telpay is very proud of Melissa and Bea as the first and only ones from Manitoba.” Continue reading

Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Goodbye Paper

goodbye-paper

Do you still send invoices, print off emails or write cheques to pay bills? With technology, software and apps, the tools to digitize most or all of your paper needs are now readily available and affordable. To get you started, here are five ways to reduce paper in your office.

Electronic Payments
Interestingly enough when you search the topic online, you will see electronic bill payment right at the top. Guess what? Telpay for Business can help with that one. The more payments you make electronically through Telpay for Business, the less you’ll spend on postage, envelopes and employee time coordinating invoices, cheques, and mailings. You will reduce paper, save money and valuable time.

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Telpay Payment News
Bringing You Payment Insights, Trends and Best Practices

Inlett Saves Big Bucks on Payroll and Payables

inlett-wendi

Inlett Incorporated manages commercial and industrial properties throughout Western Canada. Wendi Dunstone, CMA and Director, Management Services was tired of using couriers to deliver payroll cheques bi-monthly to approximately 45 staff located in Manitoba, Saskatchewan and British Columbia.

Wendi decided to cancel her outsourced payroll service and process her own payroll. Now she pays Inlett employees with Telpay’s direct deposit and emails their pay stubs, which substantially reduced  courier costs. She no longer stands in line at a bank to pay government remittances, because they are also paid through Telpay.

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