Wagepoint

wagepoint.com
HR & Payroll
Weekend Project

Payroll, the easy way

How to Replace Wagepoint

Overview

Canadian payroll software designed for small businesses and accounting professionals that handles calculations, remittances, and compliance automatically. Wagepoint simplifies payroll management with features like direct deposit, tax calculations, employee self-service portals, and year-end reporting. The platform is built specifically for Canadian businesses with support for provincial variations, statutory holidays, and CRA compliance.

Features

41 features across 14 categories

Automation(1)

Email Processing Reminders

Automated email reminders for payroll processing tasks

Also in: monday.com, Notion, Airtable

Compliance(12)

Accelerated Remittance Schedules

Support for accelerated and regular remittance payment schedules

Automatic Tax Calculations

Automatically calculates and remits federal, provincial, and territorial taxes, CPP, EI, and income tax

Canada Pension Plan Calculations

Automatic CPP contribution calculations and remittance

Employment Insurance Calculations

Automatic EI contribution calculations and remittance

FINTRAC Compliance

Financial intelligence compliance for regulatory requirements

Money Movement/Remittance Filing

Automated handling of money movement and tax remittance filing

Ontario/BC Employer Health Tax

Support for Ontario and British Columbia Employer Health Tax (EHT) calculations

ROE Full-Service FilingPremium

Complete Record of Employment submission and filing service

Statutory Holiday Pay

Automatic calculation and handling of statutory holiday pay

T4/T4A and ROE Generation

Automatic generation of T4/T4As and Records of Employment with CRA compliance built in

Tax Form Management

Year-end tax forms management including T4s, T4As, and RL-1s with accountant-friendly formatting

Workers' Compensation Integration

Built-in Workers' Compensation (WCB/WSIB) support and reporting

Also in: Insider CDP, Airtable, 1Password

Core Payroll(1)

Easy Pay Runs

Pay employees and contractors with auto-calculated runs that handle regular pay, bonuses, benefits and vacation accruals

Customization(1)

Custom Income/Deduction/Benefit Codes

Ability to create and manage custom income types, deductions, and benefit codes

Also in: monday.com, Obsidian, Smartsheet

Employee Experience(2)

Employee Self-Service Portal

Employees can view paystubs, check upcoming pay dates, update personal details, and track year-to-date earnings

Self-Serve Employee Onboarding

New hire onboarding and employee access to key payroll details through a secure online portal

Infrastructure(1)

Cloud-Based Access

Access payroll software from anywhere with cloud-based deployment

Mobile(1)

My Wagepoint Mobile App

Mobile app allowing employees to check pay info and submit time entries from their phone

Also in: monday.com, Smartsheet, Calendly

Partnerships(1)

Partner Program

Program for bookkeepers and accountants with tools, rewards, and support for client management

Payment Processing(1)

Direct Deposit

Built-in direct deposit functionality for automated payment distribution

Payroll Management(5)

Effective Dating for Mid-Cycle Changes

Support for mid-payroll period changes with effective dating capabilities

Multiple Pay GroupsPremium

Support for multiple pay groups with different pay schedules and configurations

Off-Cycle PayrollsPremium

Ability to run payrolls outside the regular pay schedule

Payroll Calendar

Built-in payroll calendar for scheduling and managing pay periods

Unlimited Pay RunsPremium

Unlimited payroll runs per month capability

Reporting(10)

Benefits Reports

Benefits tracking and reporting

Deductions Reports

Deductions tracking and reporting functionality

Deposit Summary

Summary reporting of direct deposits and payment distribution

Earnings Reports

Detailed earnings reporting and summaries

Exclusive InsightsPremium

Advanced payroll insights and analytics available to premium users

Payroll Invoice

Invoice generation for payroll services

Payroll Register

Comprehensive payroll register showing all payroll details

Payroll Reporting

Comprehensive payroll reports including registers, tax summaries, Workers' Compensation, and year-end reports

Paystubs

Digital paystub generation and delivery

Posting Journal

Detailed posting journal for accounting integration and reconciliation

Security(3)

Role-Based Permissions

Ability to assign specific roles and permissions to different users

SOC 2 Certification

SOC 2 certified security and compliance standards

Two-Factor Authentication

2FA security feature for account protection

Support(1)

Built-in Tips and Guides

Contextual help and guidance throughout the payroll process

Time Tracking(1)

Timesheets

Time entry and timesheet management functionality

Pricing

Solo

$20/mo + $4 per employee/contractor
  • One payroll run per month
  • One pay group
  • Direct deposit
  • Tax calculations
  • T4s and T4As
  • Records of employment
  • Reporting dashboard

Unlimited

Popular
$40/mo + $6 per employee/contractor
  • Unlimited pay runs per month
  • Unlimited pay groups
  • Direct deposit
  • Tax calculations
  • T4s and T4As
  • ROEs and full-service filing
  • Reporting dashboard
  • Exclusive insights

Cost Calculator

Keep Paying Wagepoint

Monthly$20/mo
Yearly$240/yr
5-Year Total$1.2k

Build It Yourself

Est. Build Time~3 hrs
Hosting$20/mo
DifficultyVery Easy

Total Cost Comparison

1 Year
SaaS
$240
DIY
$240
3 Years
SaaS
$720
DIY
$720
5 Years
SaaS
$1.2k
DIY
$1.2k

DIY hosting estimate based on Vercel + Supabase free/pro tiers (~$20/mo). Build time estimated from 41 features at very easy complexity.

Build vs Buy

Should you build a Wagepoint alternative or buy the subscription? Estimate based on 41 features.

Buy Wagepoint

Better Value
Monthly cost$200/mo
3-year total$7,200
Time to deployDays

Build Your Own

Development cost$24,000
Maintenance$360/mo
3-year total$36,960
Dev time~2 months

Buying Wagepoint saves ~$29,760 over 3 years vs building.

Estimates based on 41 features and a BuildScore of 5/5. Actual costs vary.

Integrations

3 known integrations

FreshBooksQuickBooks OnlineXero