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Why a Canadian Payroll Calculator Can Be Your Best Friend

Posted by Stacey Duggan

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Jan 28, 2014 10:25:00 AM

describe the imageWhen trying to navigate the complexities of Canadian payroll laws, it’s good to have a friend on your side. A Canadian payroll calculator can be that friend. For US-based businesses, Canadian laws can be especially cumbersome and difficult to overcome. Like a good friend, a Canadian payroll calculator can offer advice, guidance, and encouragement. That advice and guidance can keep you from making costly mistakes, while encouragement can keep you going even when complying with the laws seems impossible. There are a lot of tools you can use to ease your Canadian expansion, a Canadian payroll calculator is one that will make it feel like you have a trusted friend in your corner.

Advice When You Need It

Sometimes, you just need to know if you’re on the right track. A Canadian payroll calculator can help you determine if your withholding calculations are near the mark. By entering some basic employee information, you can get an overview of the most typical tax situations in different provinces. While it can’t give you information on every possible scenario, a Canadian payroll calculator can give you a good starting point for the most common tax situations. Best of all, like a trusted friend, a payroll calculator is available whenever you need it. You don’t have to wait for business hours, or make an appointment—just open the calculator and start getting help.

An Ounce of Prevention

Like a good friend, a Canadian payroll calculator can help keep you from becoming your own worst enemy. If the advice it gives varies wildly from your own calculations, then you should double-check your numbers. It’s possible that you’re entering erroneous information, or misinterpreting some aspect of the law. If you ignore the advice and stick to your own numbers, you may be opening yourself up for future legal consequences. While the calculator won’t be right in every instance, broad discrepancies should be thoroughly investigated. If you can’t decide between your numbers, and the numbers the calculator gives you, then it’s time to consult a professional.

In Over Your Head

A good friend will tell you when it’s time to talk to an expert. If a Canadian payroll calculator is consistently showing that your numbers are off, that’s an indication that it’s time to get professional help. There are a lot of complexities to Canadian payroll law, and it’s possible that you’re missing something important. The calculator has no way of knowing if it’s a worker classification problem, a job-site location issue, or a simple arithmetical error. All it can do is take the information you give it, and provide its best guess based on the most common regulations. For anything beyond that, you need to talk to a payroll professional.

In this Case, Good Friends are Easy to Find

Fortunately, it’s easy to find other trusted friends for your corner. A professional payroll service, like The Payroll Edge, can handle all of your Canadian payroll needs for you. They have a highly-trained, highly-experienced staff of payroll professionals. With their help, you’ll speed up your payroll process, while also minimizing the chances of an audit or penalties. Using a professional payroll service takes all of the guesswork out of handling your payroll, while also freeing up your staff to handle other tasks. While a Canadian payroll calculator can help you do it yourself, a payroll service provider can do it for you.

Canadian Payroll Tax Deduction Calculator

Topics: Payroll Service Provider, Canadian Payroll, Canadian Payroll Service, Best Payroll Calculator, Payroll Calculator, CRA, Canadian Payroll Calculator, Payroll Tax Laws in Canada, Full Service Payroll Provider

Where to Find PEO Services in Canada

Posted by Stacey Duggan

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Dec 24, 2013 9:00:00 AM

Where to Find PEO Services in Canada3In the States, businesses that are looking to ease their workforce administrative burden often turn to Professional Employer Organizations (PEOs) for help. PEO services cover everything from calculating payroll and issuing checks, to handling tax remittances and workplace safety compliance. Using PEO services, businesses are able to turn burdensome administrative tasks over to trained, experienced professionals. This allows the business to better focus their efforts on their core business objectives. If you’re looking for PEO services in the US, a simple Google search or old-fashioned telephone directory will point you in the right direction.

But what if you’re a US business looking to hire someone in Canada? In Canada, you’ll find the same services under a different name. Canadians use the term Employer of Record (EOR) to provide the services you would get from a PEO in the States.

A Rose by Any Other Name

In Canada, an EOR may use a variety of names to describe itself. Businesses providing EOR services may be payroll service providers, tax service providers, staffing agencies, and many others. Though they go by different names, EOR services are quite similar as PEO services in the states. Payroll and personnel administration is difficult enough for businesses with workers in a single country. Once you add in the complexities of managing a second, foreign payroll department, it can quickly become overwhelming. An EOR eliminates the need for a second payroll system, helping US businesses hire workers across the border as quickly as possible. For US businesses trying to expand their service reach across the border, these companies provide a vital service.

One-Stop Compliance

Without the services of an EOR, US businesses would have to establish government accounts, banking, insurance, payroll, and more according to federal and provincial law before a single employee could be hired. This process could take months, cost thousands, and the potential for mistakes is enormous. An EOR makes hiring north of the border seamless as they act as the employer in the eyes of the Canadian government. This mitigates the risks and ensures compliance when it comes to the rules and regulations in Canada. So when you’re ready to hire, you can.

Cross-Border Complexity

PEO services are incredibly popular in the US due to the difficulty of managing payroll on your own. Now, imagine trying to handle payroll laws in two different countries on your own. The complexities multiply exponentially. Keeping up with everything from Canadian payroll deductions to requirements for workplace signage can quickly exhaust the resources of a new expansion. Any mistakes, on either side of the border, could end up costing a fortune. Fortunately, EOR and PEO services make it easy to handle payroll administration with minimal difficulty, and minimal risk of errors.

12 Things an American Company Looking to Hire a Worker in Canada Needs to Know

Topics: Payroll Service Provider, Outsourced Payroll Service, Canadian Payroll, Canadian Payroll Deductions, Canadian Payroll Regulations, Payroll Service, EOR, PEO, Professional Employer Organizations, CRA Payroll Tax, Canadian Employer of Record, Full Service Payroll Provider, PEO Services

5 Things to Consider When Hiring a Payroll Service Provider in Canada

Posted by Stacey Duggan

|

Dec 2, 2013 9:00:00 AM

5 Things to Consider When Hiring a Payroll Service Provider in CanadaHiring a Canadian payroll service provider isn’t a decision that should be made lightly. Like all of your long-term business partnerships, you should do your due diligence, and make sure you know exactly what you’re getting into. By doing your homework, you’ll be able to enjoy all of the benefits that a reputable Canadian payroll service provider has to offer. To help you get started, here are five things you should keep in mind when hiring a Canadian payroll service provider.

1. Are They Full Service?

Don’t let the name fool you; high-quality payroll service providers usually offer a full range of services along with payroll management. If your Canadian payroll service provider does nothing more than turn timesheets into cheques, you’re not getting a lot for your money. Full service providers can handle remittances, error-checking, audit protection, and more. Find out what services are available, even if you don’t need them immediately. Adding new services from a full-service provider is easier than changing providers as your business grows.

2. Are They Easy to Work With?

The best Canadian payroll service provider isn’t much good to you if you can’t use their services. Engaging a payroll service is about convenience and cost reduction. If they aren’t convenient, there’s almost no chance you’ll save money using their services. Ask about features like online access and monitoring. If they use a proprietary time tracking system, make sure that they’re available to help you make your system compatible with theirs. Find out ahead of time what is expected of you, and what they’ll do to help you meet those expectations.

3. Are They There When You Need Them?

Problems don’t always arise during normal office hours. This is especially true if you’re running multiple shifts. When a problem does crop up, is your Canadian payroll service provider available to help you? No payroll provider operates on a 24/7 basis; however, quality payroll providers always have someone available to address emergencies. Whether it’s a callback service, a mobile number, or an emergency email address, there should always be a way to get in touch with someone.

4. What Help do They Provide?

Support services can vary widely from one Canadian payroll service provider to the next. Some offer little to no support, leaving you on your own when problems arise. Other, more reputable providers, offer a robust support network, covering everything from timesheet reconciliation to audit preparation. Wider support options may cost a little more, but can quickly pay for themselves if you ever need them.

5. Can You Afford Not To?

Handling payroll services on your own is expensive, labour-intensive, and risky. You’ll have to handle all of the expense of training and buying software and equipment on your own. In the event of any errors, you’ll be on your own when the CRA comes calling. Given all of the obvious and hidden expenses of managing your own payroll, payroll service provider is a safer, more affordable option.

12 Things an American Company Looking to Hire a Worker in Canada Needs to Know

Topics: Payroll Service Provider, Outsourced Payroll Service, Payroll Tax Calculations, Canadian Payroll Service, Dependable Payroll Service, Full Service Payroll Provider

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