Wave Payroll Expert Reviews, Pricing, Alternatives - 2022

Emmanuel Smith
Human capital management writer, environmental crusader, and dog lover
May 16, 2022
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Wave Payroll Versus the competition

It is very affordable, easy to use, and its accounting software is free to use as an add-on.

If you're ready to get a Wave Payroll demo, we suggest getting in touch for a look at the product and quote. Otherwise, read on!

Pros
Cons

Wave Payroll Review

A subsidiary of Wave Financial, Wave Payroll is a management solution designed to simplify and automate payroll processes. It is primarily built for payroll but you can connect the software to the Wave accounting platform for heavy-duty accounting such as invoicing and receipt management.

Who shouldn't buy Wave Payroll

Wave Payroll works in all provinces except in Quebec.

Wave Payroll Customers

Wave Payroll: Known for affordable products.

Wave Payroll Stats

  • 500,000+ customers in North America use Wave Payroll
  • Founded in 2009

Wave Payroll also offers the following services:

  • Accounting
  • Invoicing
  • Online Payments

Wave Payroll Key Features

  • Direct deposit: Direct deposit to employee bank accounts is available on Wave Payroll. 
  • Tax management: Wave Payroll submits tax remittances to the CRA while keeping compliant with all tax legislation. It also creates T4 and T4A summaries for tax season.
  • Employee access: With Wave Payroll, Employees can access their pay stubs and T4s. They can also manage their personal information, benefits calculations, and top-ups with the supervision of the HR personnel.
  • Record of employment (ROE) documentation: By law, every employer is required to issue an ROE whenever any of your employees experience an interruption of earnings. Wave Payroll will not only generate this form but also submit it to the local service Canada center. 
  • Data Migration: You can easily move all your data from another payroll solution provider to Wave Payroll and continue work. 
  • Reports: Wave Payroll offers wage and tax payments reporting.

Wave Payroll Key Integrations

Wave Payroll Pricing

Wave payroll costs a $20 base fee per month and an additional $6 per active employee or independent contractor paid. Also, you get a 30-day free trial with Wave Payroll.

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Free
$5 per person per month
$6.50 per person per month
$2 per person per month

Wave Payroll Implementation

Wave Payroll Customer Success

About Wave Payroll

As a next step you can visit the Wave Payroll website or read about alternatives below

As a next step you can visit the Wave Payroll website or read about alternatives below

Wave Payroll Alternatives

Besides payroll, ADP Workforce provides other HR add-ons and tools that are available when you need them and sync seamlessly between each other.
Ceridian allows you access and audit payroll data anytime you want during the pay cycle.
Quickbooks is easy to use and it integrates with just about any other accounting, financial, and HR software.
Wage point boasts a particularly intuitive design and user-friendly interface, great for the average user.
Payworks makes it easy and seamless to switch from any payroll provider. Plus, it generates lots of customizable and shareable reports.
Humi lets HR managers improve benefits administration by centralizing information about benefits cards, health spends, employee profiles, and multi-level plans on a single platform.
It is 100% Canadian and you can set up the platform to run your payroll on autopilot.
Push Operations offer an integrated solution with all your operations (payroll, time tracking, etc., in one tidy interface).
Listed in our research about the Top Canadian Payroll Software
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