Managed payroll support that saves you time and money

LOOP Payroll from FBC is a team of highly skilled professionals, with many years of experience. We have been supporting our clients and their employees for over 70 years. We continue to educate ourselves year over year to ensure we are complaint with rules and regulations with the Canada Revenue Agency.

Yes when you sign up with direct deposit. We withdrawal the funds to pay CRA from your business account. This is done based on the payroll frequency you choose (i.e., weekly, bi-weekly, monthly) and then these funds will be remitted to CRA on the 15^th of each month.

Pay slips are emailed to the employer each pay period. Then you can hand out the slips at your convenience. However, the best option is to provide us with an email address for your employees. We will set them up online to receive notifications when their slip is ready to view through their very own secured log in.

At this time LOOP Payroll from FBC does not have the ability to pay third party payments such as WSIB/WCB. We can however calculate the premiums required to report to WSIB/WCB for each required reporting period.

There are no additional fees to process T4s, or any other reports required or requested. Our team will automatically provide T4s before the filing deadline of each year. We will e-file and provide you with electronic copies for distribution to employees. We can also mail hard copies upon request. This ensures your reports and forms are filed in a timely manner.

We will obtain authorization with Service Canada on your behalf which will allow us to file ROEs electronically. This eliminates the need for paper ROEs and speeds up any EI claims by employees.

Yes! We can add non-cash and cash taxable benefits. For example: vehicle allowances.  We are also able to activate special deductions. Whether it is a mid-month advance, RRSP contributions or Mileage amounts. We could make these deductions unique for each employee.

If requested, LOOP Payroll from FBC has the option to provide a unique username and password to our payroll program that will give our clients the opportunity to access payroll reports at their convenience. This will also allow our clients to make changes to the employee profiles to update addresses and raises.

No. If you are the director of a corporation and taking a salaried wage, or you have one or two salaried employees that receive the same wage each pay period, it is not necessary to email your payroll to your dedicated payroll administrator. We will schedule automatic processing for your company.  Pay Slips will continue to be emailed each pay period.  You only need to notify us of a change in pay rates or pay frequency or if an employee is no longer with your business.

Our payroll service is great for seasonal companies. When you are closed and no longer have active employees, we can deactivate your payroll account until you rehire your staff. If you are closed through out the winter months, we will reactivate your account in January to processed T4s then deactivate it again until the spring.