If you're an American business looking to enter the Canadian market, you’ll of course want to simplify the process of hiring Canadian employees. Considering everything you need to deal with when entering a foreign market—setting up a payroll account, registering your business, and figuring out Canadian laws and regulations—anything that can be simplified should be, right?
Read on for some tips for streamlining your hiring process to help you make that first jump into the Canadian business landscape.
Look (It up) Before You Leap
First, you're going to need to look into the Canada Revenue Agency (Canadian version of the IRS) and complete a set of administrative tasks, including registering your business number and potentially your payroll department (which requires a Canadian-side address). Since Canada has it's own set of laws and regulations regarding businesses, you'll have to do your research, and it certainly helps to hire a specialist who has experience regarding Canadian compliance and payroll.
Registering your company can take weeks or months, so it's worth doing the research to make sure you're prepared when the time comes. While searching for the right candidates, you'll need to look into all the regulations regarding employees in Canada and prepare to negotiate pay rates that leave both parties happy.
It may seem like a complicated and daunting task to set foot north of the border. However, there are alternatives to taking on all the hiring responsibilities yourself.
Consider Partnering With a PEO
One of the easiest ways to simplify the hiring process is to partner with a professional employer organization (known in Canada as an Employer of Record). A PEO is a firm dedicated to help your business deal with hiring and retaining employees. The PEO will hire employees on your behalf, take on the brunt of the legal responsibility, and make sure your employees’ paperwork is properly filed. They can help you avoid any potential errors that might be made as you grow your business in Canada, and for a flat rate, they will provide services usually offered by multiple departments together in-house.
By filling out all your arduous paperwork, a PEO is going to save you a lot of time and hassle as you seek to fill your Canadian branch with skilled and qualified individuals. Besides being able to negotiate better pay rates with your potential workers, they will keep on top of all payroll related tasks, allowing you to consolidate your company vision and further solidify your core team. A Canadian EOR will be able to use their field of expertise and vast knowledge of the Canadian market to give you advice regarding your HR and payroll needs. They can also access a pool of skilled workers who are ready to join your team and help turn you dream into a reality.