3 Reasons to Partner with a Canadian Payroll Provider

With businesses expanding further from their hometown, opening an organization in a new territory can be daunting, and understanding all the rules involved with expansion can be complicated. You have to know and understand the many regulations for infrastructure, employment standards, and tax laws–to name a few.

Situations like these can be solved by partnering with a Canadian payroll provider. They can help you take your first steps into this new territory, while making the process of setting up your new business in Canada smoother and ensuring you’ve covered all your bases.

1. Legal Issues and Compliance

Partnering with a Canadian payroll provider clears your company of any headaches it has to deal with to understand the intricate rules of various territories’ employment and pay standards. Choosing a firm in Canada gives you a trained and knowledgeable team whose expertise is in the Canadian market, lowering your risk factor and possibly costly mistakes. Various laws regarding how and when you pay your employees, the conditions of the workplace, and tax filing, do not remain the same, and improper implementation of rules can have serious consequences for your business.

Working with these providers means working with a team consistently up to date with Canadian legal compliance—they have to know and be aware of the regulations to do their job effectively. These Canadian firms will have up-to-date knowledge and expertise and they can also provide advice on how laws vary across Canada’s provinces.

2. Industry Expertise

Canadian payroll providers already employ a trained team of experts who understand how to handle administering payroll and human resources matters in Canada. Partnering with one thus gives you an upper hand in managing your business. Your company does not have to spend additional time and money to train staff on payroll and HR services in a new territory through seminars, conferences, workshops, and even software—the provider takes care of that for you.

If any changes or new methods are discovered, the provider will be the first to know. If your organization is working with a provider, then you’re already on board with a more efficient way of handling this department. A Canadian payroll provider will be updated with the latest technology to provide their services to you, without causing your company stress over ordering new software that is currently within legislation standards. Canadian payroll providers provide customer service and knowledgeable specialists ready to handle whatever changes are ahead.

3. Focus on Your Business

Outsourcing payroll and HR saves you time and money, giving you more time to work on your core obligations. Instead of dedicating a team of employees to train and focus on tasks in this department,you can dedicate this time to improving your business. Providers will deal with the trickier parts of figuring out holiday and vacation pay, tax deductions, and human resources matters. You won’t have to allot your company’s resources towards training employees in this department, and instead can direct that towards your company’s brand, marketing strategies, and daily operations.

Payroll administration and human resources is a time-consuming process, and having this partnership means you can spend less time worrying about it, knowing a group of experts has this department covered. The provider is there to ensure the paperwork involved is properly accounted for, instead of using your staff and resources to make sure it’s done correctly. With these worries taken care of, you have more time to put towards improving and expanding your business in Canada.

Here’s to helping you better understand what’s in your pocket.

Until next time.