Payment Evolution
About Payment Evolution
PaymentEvolution is the core platform of Canadian small business.
PaymentEvolution is the core platform of Canadian small business. It takes the most stressful part of being a boss—calculating taxes and paying the CRA—and turns it into a few clicks. It is the ideal choice for Canadian SMEs and accounting firms who want a reliable, cost-effective alternative to expensive legacy payroll providers. By focusing exclusively on the Canadian market, they provide a level of compliance and regional accuracy that generic global tools simply cannot match.
Pros & Cons
- Bank-grade encryption and SSAE 16 compliant data centers ensure sensitive financial data is protected.
- The PayChequer portal reduces the number of administrative requests HR receives for old pay stubs.
- The link with Xero and QuickBooks is exceptionally robust, reducing bookkeeping time by hours each month.
- It handles the nuances of Canadian provincial taxes perfectly.
- Setting up initial pay rules and tax remittances requires a solid understanding of basic Canadian payroll laws.
- The email-only support for lower tiers can be slow during peak tax seasons.
- The web interface can feel slightly sluggish when processing very large payroll runs.
- It cannot be used for employees based in the US or other international locations.
Features
Key features
Allows small businesses to offer "big company" benefits (health, dental, life insurance) through an integrated platform.
Simplifies the year-end process by automatically generating T4, T4A, and Relevé slips for the Canada Revenue Agency (CRA) and Revenu Québec.
Facilitates electronic fund transfers (EFT) directly to employee bank accounts and allows businesses to pay vendors/suppliers from the same interface.
A dedicated space for employees to access their payroll history, download T4s/RL-1s, and update personal banking information.
Calculates all Canadian federal and provincial taxes, CPP, EI, and other deductions automatically based on the latest tax tables.
Additional features
Calculates the exact amounts due to the CRA/Revenu Québec and reminds users when to pay.
Generates detailed payroll journals, liability reports, and vacation accrual summaries.
Allows users to import hours from external time-clock apps to prevent manual data entry.
Manages and tracks contributions to group RRSPs and other retirement plans.
Automatically pushes payroll data into accounting software to ensure books are always balanced.
A "Pay Any Vendor" feature that lets businesses manage all outbound cash flow, not just payroll.
Simplifies the filing of ROEs directly to Service Canada when an employee leaves.
Flexibility to create custom pay rules for bonuses, commissions, or unique union dues.
Automated creation and secure digital delivery of year-end tax forms to employees.
A multi-client management tool that allows bookkeepers to manage payroll for dozens of businesses from a single login.
Pricing
Countries & Languages
Available in
Interface languages
Billing currencies
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About Payment Evolution
PaymentEvolution is the core platform of Canadian small business.
Payment Evolution Details
Payment Evolution's In-App Market Place
Does Payment Evolution have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
0
Mini Apps
Pricing Options
Accepted Payment Currencies
CAD ($)
Pros & Cons
- Bank-grade encryption and SSAE 16 compliant data centers ensure sensitive financial data is protected.
- The PayChequer portal reduces the number of administrative requests HR receives for old pay stubs.
- The link with Xero and QuickBooks is exceptionally robust, reducing bookkeeping time by hours each month.
- It handles the nuances of Canadian provincial taxes perfectly.
- Setting up initial pay rules and tax remittances requires a solid understanding of basic Canadian payroll laws.
- The email-only support for lower tiers can be slow during peak tax seasons.
- The web interface can feel slightly sluggish when processing very large payroll runs.
- It cannot be used for employees based in the US or other international locations.
Payment Evolution's Support Options
Email Address
support@paymentevolution.comContact
+1-647-776-7600Payment Evolution's Alternatives
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