Canadian payroll regulations

Published on May 2nd, 2014 | by Day Trader

Outsource Payroll and Save Time Every Week

Federal income tax payroll deductions

Living in Canada definitely has its advantages. There is a strong health care system offering high-quality care at low costs. There is also plenty of benefits for employees and small business owners. If you want to find the right payroll solutions for your small business, talk to a payroll processing company.

If you are a small business owner, it is important to look into a payroll processing service. This can ensure your employees get paid and you can focus on one of the many other details of running your business. Small businesses will find that outsourcing payroll sources can be a time- and cost-saver, especially during tax season. Outsourced payroll processing also saves you clutter thanks to too much paperwork. When you outsource payroll, there is only one report to approve and one invoice to pay.

U.S. firms can easily make potentially very costly mistakes managing and paying their Canadian employees by inappropriately relying on erroneous practices and misinformation. Payroll and HR management in Canada is very different than in the United States, due to very different laws and regulations. Canadian payroll service providers can also provide a variety of human resources management services. Payroll service providers can also provide ongoing HR support, prepare and deliver disciplinary misconducts and employee outplacement.

It can be challenging for US-based companies to ensure they are in Canadian compliance when paying their Canadian staff. Complying with OSHA laws is important for any small business. The right payroll service provider can coordinate and assist with all health and safety related activities. There are plenty of things a company needs to do every work to ensure they are following OSHA guidelines. A company needs manage all workers compensation claims on a national level and conduct workplace investigations on violence and harassment allegations.

If you run a small business in Canada, look into outsourcing your payroll solutions. This will create less clutter around the house and free you up to run other parts of your business. Check out a payroll solutions company and run your business more efficiently.

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