Trying to conduct business payroll functions can be extremely stressful, especially if you’re trying to do so from another country. Whether hiring employees or independent contractors, you want to know that your human resources administration tasks are done efficiently and effectively.
If you don’t have enough time on your hands or the knowledge base regarding Canadian payroll regulations to do the job properly, there are options for you. Partnering with a Canadian employer of record can have numerous advantages for your business operations—see for yourself.
There are a lot of technicalities companies must abide by if they want to employ workers in Canada. An employee of record ensures compliance with all the Canadian Revenue Agency’s mandated regulations. Professional legal knowledge on your side can protect you from a potential lawsuit or fines down the line. Don’t risk it, go with a Canadian employer of record instead.
Using a Canadian employer of record lifts all the stress of payroll duties off your shoulders. You won’t have to worry about administrative tasks, and can instead focus your energy on your core business. When you have peace of mind that your Canadian employment operations are running smoothly, you’ll be a happier and more productive individual.
Setting up a business presence in Canada can take a long time—weeks or even months. With a Canadian employer of record, your operations can be up and running almost instantly. From there, your company won’t have to waste any time concerning themselves with how their Canadian employees are being paid and what regulations need to be followed. It saves you time and resources and lets you focus on more important matters.
An employer of record can also help you save time from the tedious recruitment process. You won’t have to worry yourself with sourcing, recruiting, scheduling interviews, or any other time-consuming tasks associated with acquiring new employees. This will all be handled for you by your employer of record.
A professional employer of record ensures the work they do is exemplary. In such a heavily regulated industry, mistakes can be costly. There will be fewer errors from an employer of record compared to someone from your company who does not understand the current Canadian payroll processes. In the end, hiring a Canadian employer of record will save your company resources and the burden of having to fix any potentially costly mistakes along the way.
Partnering with an employer of record could also be a wise investment for your company. They can help you negotiate benefits rates for your employees from insurance providers. This could end up saving you a significant amount of money depending on the number of employees you plan to hire.
You likely don’t know the Canadian employment marketplace, but an employer of record does. It’s their specialty. Their expertise lies in this very specific function that they can perform exceedingly well. They have knowledge surrounding the current forms that need to be filled out, what taxes need to be paid, and much more. Their familiarity with the subject ensures that you’re trusting your payroll services to a company that is going to benefit your business.
Less Room for Error
Practice makes perfect. With an experienced Canadian employer of record acting on your behalf, you have the knowledge and expertise on your side that would take years to develop on your own. The understanding of Canadian payroll regulations and best practices means that a professional employer of record won’t make any mistakes when it comes to your payroll duties.
There is no room for mistakes with an employer of record. You can be assured that when you trust your services to the professionals, you’re getting a perfect product every time.