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7 Reasons to Work with a PEO Service in Canada

Posted by Ray Gonder

|

Aug 16, 2017 9:00:00 AM

7 Reasons to Work with a PEO Service in Canada--.jpgExpanding your business into a new country is cause for excitement. However, it also means you have a lot of work to do. To comply with Canadian laws and manage a new location, there’s a lot of homework that must be done on your end. Thinking about how you’ll manage it all seems like a daunting task. But it doesn’t have to be.

Download our free guide on what US companies need to know about paying  employees in Canada.

Working with a PEO service in Canada allows you to grow your business, while still focusing on the more important aspects of business. From payroll to HR, PEO services take care of the administrative tasks, letting you focus on your business and its success.

1. Efficiency in Payroll

Many businesses choose to outsource payroll to better allocate time. Managing payroll can be a seriously time-consuming task, especially when it’s added to an already busy schedule. PEO services in Canada can help you stay on top of your administrative tasks, while also ensuring your payroll is following federal and provincial laws. You can rest easy knowing your employees are taken care of and your business isn’t left at risk.

2. CRA Compliance

As mentioned above, it’s vitally important that your business complies with Canadian laws and regulations. The last thing you need is a lawsuit. Something as simple as failing to obtain an employee’s Social Insurance Number can get you a $100 fine for every number you don’t try to get. Navigating the world of these regulations can be extremely confusing. Limit the frustrations and work with a PEO service in Canada.

3. Hiring and Training

Recruiting employees is one thing, but training them is completely different. Each takes time and commitment, adding to your schedule and your responsibilities. With a PEO service in Canada, you can hand your HR responsibilities over, letting yourself focus on more important business functions. Employees will be trained and HR duties will be handled entirely from Canada.

4. Happier Employees

Studies show that happy employees are 12 percent more productive, creative, and willing to work collaboratively. Having efficient payroll services and easily accessible HR personnel all contribute to a positive working environment. Everyone wants to be paid on time and have their concerns heard. Ensure your employees are properly cared for by working with a PEO service in Canada. 

5. Get Moving

It’s no surprise that expanding a business to another country can take time. Sometimes it takes years! Bypass the slow timeline and work with a PEO service in Canada. As experts in the field, these companies can help you with every aspect of expanding your business. From recruiting new employees to setting up insurance and bank accounts, you can sit back and relax.

6. Saves Money

Hiring in-house professionals to handle HR and admin duties costs money. It’s often expensive and isn’t something all businesses are capable of handling. In fact, many businesses unknowingly lose money due to not properly filing taxes, or through the benefits they offer employees.

PEO services in Canada can eliminate some of the costs associated with these tasks. From the cost of hiring, employee benefits, and 401(k) plans, PEOs work to get your business the best deals possible.

7. Reduces Risks

One of the biggest benefits of working with a PEO service in Canada, is the elimination of risk. From underqualified staff, to new guidelines and regulations, there are many places where your business could fall into trouble, such as the stressful audits or lack of CRA compliance. By working with experts in the field, you can work stress-free, knowing the growth of your business is being handled in the most secure way possible.

What US Companies Need to Know about Paying Employees in Canada

Topics: Professional Employer Organization

How PEO Services in Canada Can Make Your Business More Efficient

Posted by Shannon Dowdall

|

Jul 28, 2017 9:00:00 AM

How PEO Services in Canada Can Make Your Business More Efficient--.jpgProfessional Employer Organizations (PEOs) provide HR services to small businesses, covering everything from payroll, benefits, and taxes to assisting with provincial and federal laws and regulations. Employing a PEO is an effective means to navigate the tricky Canadian business market, but is it worth it? How can PEO services in Canada make your business more efficient?

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Why Should I Use a PEO?

PEO Services in Canada handle all your HR needs, including payroll and administration, benefits, compensation, provincial and federal compliance disputes, and even worker training. They look out for small businesses by tailoring their approach to a specific organization’s needs, resulting in plans that can offer savings and value for both the company and their employees. Moreover, PEOs offer peace of mind by taking care of HR-related administrative duties that may often overwhelm small businesses.

The job of a PEO is to deliver all-inclusive support that is effective and sustainable. A good PEO will enable businesses to optimize their operational scope and ensure that the company is focused on its vision and growth.

What Can a PEO Do for Me?

So, you’ve decided that your company should use a PEO in Canada… now what? Every PEO firm has their own pros and cons, you have to make sure that the PEO you choose provides your company with the best value. From basic payroll services to more comprehensive HR management, a PEO can help your company operate at its best in the Canadian marketplace.

Payroll and the CRA

A PEO can help your business manage employees in accordance with Canadian laws and regulations. They can help navigate labour codes, register with the Canada Revenue Agency (CRA), and adhere to Canadian compliance responsibilities. A PEO can handle these challenging, complex, and time-consuming endeavours so you don’t have to!

More than 33% of small businesses get fined every year for making payroll mistakes. PEOs take the worry out of government compliance by doing the paperwork for you. The cost of getting things wrong is high, but PEOs are experts on employment-related compliance and will make sure it’s done right.

Cut Costs and Save Big

PEOs work to save small businesses money by lowering costs and better managing risks for their clients. PEOs are experts, they reduce the danger involved in having the same tasks done in-house by potentially underqualified staff. Moreover, PEOs look out for new technologies, IT systems, and changes in government regulations that will affect your business, ensuring that they can support your company to the best of their ability.

There are never enough business hours in the day, but a PEO can help get some of that time back by taking on a lot of the employment-related administrative work. By reducing the need for internal HR professionals, PEOs save small businesses time and manpower, allowing them to develop and focus internal resources more efficiently.

Additionally, PEOs make open communication with employees a breeze! This lets your employees know what benefits they are getting and how your company is taking care of them. This kind of open appreciation sends a valuable message to your workforce, which in turn can increase productivity and reduce employee turnover.

Focus on Your Business

At the end of the day, PEOs, such as the Payroll Edge, make managing a business in Canada that much easier. By leaving the daunting task of understanding employment compliance, payroll management, and HR administration to professionals, you can better focus on improving your core business. PEO Services in Canada can give small businesses peace of mind and allow them to be more efficient, improve productivity, and most importantly: grow.

What Are You Leaving to Chance by Handling Payroll on Your Own

Topics: Professional Employer Organization

5 Things to Consider When Seeking a PEO in Canada

Posted by Anna Mastrandrea

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Jul 21, 2017 9:00:00 AM

5 Things to Consider When Seeking a PEO in Canada--.jpgCanada’s business landscape is oftentimes daunting to navigate, but Professional Employer Organizations (PEOs) exist to guide businesses and provide expert HR services. By covering everything from payroll and benefits to navigating provincial and federal laws and regulations, a PEO is an effective means to optimize your business.

Here are 5 things to consider when seeking a PEO in Canada:

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1. Can a PEO Help Your Business?

A PEO in Canada can handle all of a business’ HR needs. From payroll administration and provincial and federal compliance to employee remunerations and worker training, a PEO allows any business, mid-sized or small, to have access to benefits normally available to large corporations.

PEOs work with businesses to increase efficiency and productivity by taking care of day-to-day HR duties. PEOs also cover HR compliance and workers’ compensation administration for their clients. This frees up valuable time and resources that small to medium-sized businesses can better spend on regular operations. Additionally, PEOs help businesses minimize risk by acting as experts in any potential dealings regarding taxes, insurance, compliance, and liability.

Can a PEO help your business? Of course! A PEO in Canada will always have your back by providing expert all-inclusive support that is effective and sustainable.

2. PEOs Can Help Navigate Laws and Regulations

In Canada, employees need to be paid in accordance with laws and regulations set by the Canada Revenue Agency (CRA). Deciphering Canadian protocols can be a complex and time-consuming challenge, but a PEO can help businesses navigate labour codes and adhere to Canadian compliance guidelines.

Additionally, if you are a foreign company looking to expand into Canada, an established PEO can help you access the Canadian market by acting as your Employer of Record (EOR) in Canada. As an EOR, PEOs can be your trusted partner in navigating the legal requirements, tax regulations, and general complexities of a business expansion into the Canadian marketplace.

The right PEO can offer you unparalleled expertise and peace of mind, so you can’t afford to miss out!

3. Can Your Business Afford a PEO?

Managing payroll is one of the most all-encompassing and time-consuming tasks that businesses face in their day-to-day operations. By hiring a PEO, businesses have access to affordable payroll and HR experts who take on the duties that may otherwise burden employees and managers. Most PEO services offer flat monthly rates that are a cost-effectively alternative to hiring tax professionals or managing in-house.

Every PEO firm has their own pros and cons and you have to make sure that the PEO you choose provides your company with the best value. Most PEOs offer plans that range from basic payroll management to complete HR coverage. Employers should be sure to ask about what specific services a PEO provides to ensure they are getting exactly what they need.

4. How Does a PEO Affect Your Employees?

By employing a PEO, businesses maintain control over their employees while sharing the risk and liability issues with the PEO. Businesses can also gain access to levels of compensation through their PEO, sometimes at lower rates or added remunerations.

These kinds of specialized benefits let employees know exactly how the company is taking care of them. A happy workforce is not only good for business, it can increase productivity and reduce employee turnover.

5. PEOs Offer Equanimity

At the end of the day, these are just five things to consider when seeking a PEO in Canada. Oftentimes working 9-to-5 is just not enough—but a PEO, like the Payroll Edge, can help your business get ahead by taking on a lot of the HR-related administrative work. PEOs give you peace of mind and save you time and resources, so you can focus on your core business.

What US Companies Need to Know about Paying Employees in Canada

Topics: Professional Employer Organization

Here Are the Best Ways to Find a Reputable Canadian PEO

Posted by Anna Mastrandrea

|

Jun 26, 2017 9:00:00 AM

Here Are the Best Ways to Find a Reputable Canadian PEO--.jpgNo matter where your business is located in the world, if you’re hiring Canadian employees you need to abide by Canadian employment laws. As daunting as that sounds, unfamiliarity with jurisdictional payroll and employee management differences should never hold you back from expanding your services into Canada. Although your business may not have the knowledge background to effectively manage Canadian employees, there are partnership options available to you that could greatly improve your business. 

A professional employment organization (PEO) is a great option for anyone looking to run operations in Canada. A Canadian PEO allows you to establish a valuable partnership that can provide both you and your employees with industry expertise and advice. While slightly different from an employer of record, a Canadian PEO can help you with:

  1. government compliance;
  2. HR management;
  3. payroll services;
  4. benefits administration;
  5. sourcing and recruiting potential candidates; and
  6. training and development.

If your company could benefit from a Canadian PEO, you’ll need to find the right option for you. Here’s how to find a reputable PEO in Canada.

Download our free guide on what US companies need to know about paying  employees in Canada.

Trust Experience

First and foremost, you want to use a PEO that has experience in your field. A Canadian PEO that has been in business for a significant amount of time has extremely valuable industry experience under their belt. They’ve been through all the trials and tribulations of the industry, and have emerged with essential insight concerning everything there is to know about Canadian payroll regulations and compliance.  

Services Offered

The services a Canadian PEO offers will direct impact whether they’re applicable to your current situation and needs. You want to make sure your PEO offers the widest variety of services to get more bang for your buck.

Knowledge Level

Knowledge is essential when it comes to the staffing industry, as there are many legal regulations that must be followed. A company that knows how to properly conduct themselves under these regulations, and knows staffing law like the back of their hand is an organization you want to trust.

While current industry standards are important to know, the staffing industry is forever evolving. Knowledge isn’t just about what a Canadian PEO knows about the current industry, but how they stay up-to-date on future changes. A reputable PEO will keep you informed and let you know what developments are essential for your business.

Various industry certifications can also be very insightful into the knowledge level of a PEO. Seeing what education and additional certification courses they have taken shows you that they are eager to expand their knowledge of the Canadian employment industry.

Make sure to ask PEOs that you’re considering lots of questions to determine their knowledge level and ensure that they are equipped to handle your company’s size and objectives.

Previous Partnerships

What other people say about a company speaks volumes about their services. It’s important for a PEO to have extremely advanced customer service skills, as they will potentially be handling your future employees. How they manage their previous clients gives insight into their customer service skills, along with what you can expect as a client.  

You need to also make sure that you do your research. You would never buy something before researching it online: the same should be said for a PEO. Take a moment to analyze their digital presence. You can check out their website and look for any additional online reviews you can find.

If a Canadian PEO has a bad reputation, you need to ask yourself if you really want to associate your company with this organization. To avoid the potential of future problems with your PEO, look for companies with stellar references and recommendations. It’ll lead to an overall happier and healthier partnership.

What Are You Leaving to Chance by Handling Payroll on Your Own

Topics: Professional Employer Organization

If You Have Canadian Employees, You Needa Canadian PEO

Posted by Ray Gonder

|

Mar 8, 2017 9:00:00 AM

If-You-Have-Canadian-Employees,-You-Needa-Canadian-PEO.jpgDespite the fact that the U.S. and Canada are two separate countries, our lines of business cross borders frequently. So much so that our neighbours in the south hire employees in Canada to help out. Employers in the States have to stay up to date and compliant with the regulations regarding their Canadian employees. 

When it comes to employment and payroll compliance, employment and labour relations could not be more different between the two countries. Consider working with a Canadian PEO to make sure you’ve covered your bases with your out-of-country employees.

What Is a PEO?

 

Download our free guide on what US companies need to know about paying  employees in Canada.

Professional employer organizations, or PEOs, are called upon to help non-Canadian businesses with specific company tasks in Canada. They work on a variety of matters: compliance, payroll, and human resources, and their expertise is both a money and time saver. 

When you hire Canadian employees, you need to know the applicable employment laws, how the pension plans work, what types of benefits they can receive, and how to process payroll.All of these matters ensure you’re paying staff correctly. Working with a Canadian PEO helps minimize the risk of incorrect reporting because their experts are compliant and knowledgeable about business guidelines in this territory. 

PEOs already have the infrastructure and accounts in place to help manage your employees up north. The established presence of a Canadian PEO can get you started faster than embarking on thisactivity alone.

Handling Human Resources

HR management is tied to the payroll department. This friendly side of business takes care of employee benefits, workers’ compensation plans, employee relations, and various training and mentoring programs. It’s a lot of work for a firm that doesn’t have the time to thoroughly read through it.Here’s where you’ll benefit from knowledgeable PEOs. 

Whether it’s an employee dispute that needs resolving, or standard performance reviews that need to be conducted, a PEO has the competence to deal with this properly. It can also provide your company with better access to health and safety benefits, employee retirement plans, and technology. 

A PEO will assure you and your company are in line with the province’s employment act and HR standards. It’ll act accordingly if any issues arise, whether it’s generating employee handbooks or dealing with a work complaint. A PEO has you covered, as it understands the rules at both the federal and provincial level, ensuring your employees in Canada are treated as they should be. 

You already went through the hassle ofinterpreting these standards in your own territory, so why go through it again? Startat square one in Canada with the help of trained professionals.

Tackling Payroll Compliance

Compliance is crucial for managing payroll. You need to make sure you’re paying your employees correctly to avoid penalties and audits by the CRA. Are you familiar with the provincial minimum wage? Have you accounted for the correct stat holiday pay? A Canadian PEO knows how Canadian payroll works, saving you the time and headache of figuring it out and preventing shoddy inaccuracies.

A PEOtakes care of tax filing and remittances, deductions, income statements, and other company reports.All need to be calculated properly for accurate reporting of your Canadian employees. You have to account for pension contributions, unemployment insurance contributions, and workplace accident insurance premiums. There’s also various tax deductions to include: Canada’s Pension Plan, Employment Insurance, and personal income. These are required to verify employee reporting and for accuratefiling and submission by employers.

For a fee, Canadian PEOs will relieve your company of these responsibilities, guaranteeing your company is in the clear. They work to reduce the chance of your business submitting documents with mistakes and make sure your firm meets all the required obligations.

What US Companies Need to Know about Paying Employees in Canada

Topics: Professional Employer Organization

3 Things to Know about PEO Companies in Canada

Posted by Corinne Camara

|

Feb 27, 2017 9:00:00 AM

3-Things-to-Know-about-PEO-Companies-in-Canada.jpgA professional employer organization (PEO) is a secret weapon that many business owners use to simplify the management of employees and all that comes with it. When your business partners with a PEO, you get the help of professionals committed to helping you handle hiring, retaining, and paying employees. 

For US companies that are looking to employ Canadian workers, PEO companies offer a serious advantage. Your business gets the help it needs to navigate cross-border differences and you have someone on your side who knows the basics of Canadian payroll, the rules about minimum wage, maternity leave, compensation packages, vacation time, and all the other details of payroll. 

Download our free guide on what US companies need to know about paying  employees in Canada.

With so much to know about payroll, it’s a good thing that PEO companies exist to support your business. Here are three things to know about PEO companies in Canada.

1. PEO Services

So what exactly does a PEO do? Well, it depends on the PEO company and your business needs, but PEOs typically take care of the administrative, HR, and payroll dirty work. PEO companies in Canada can help take care of administrative duties, such as on boarding new employees, maintaining the payroll database, legal compliance, taxes, paystubs, training, and more. 

In addition to the payroll services you get with a PEO, you also get access to professionals that are knowledgeable about hiring and payroll practices in Canada. While you might not have the time or resources to train a member of your team in Canadian taxes or employment standards, you’ll have someone at your disposal that knows the ins and outs of Canadian business best practices.

2. PEOs Help with Business Expansion

For businesses that are on the rise, important administrative tasks can feel arduous. Filling out paperwork and staying on top of the latest changes in legislation can eat up a lot of time and resources that could otherwise be put towards business development and expansion. 

PEO companies in Canada can help US businesses expand into new territories. You don’t have to be making international moves to benefit from a PEO—just having the resources to handle laws and compliances means that you can focus on other tasks while making sure the steps you’re taking to grow your business adhere to legal codes every step of the way.

3. The Decision-Making Stays Yours

While PEO companies in Canada can make your hiring decisions easier, they don’t make those decisions on your behalf. When working with a PEO, you get a partner who is ready to take all the technical steps of hiring employees according to your hiring decisions. As an added bonus, the PEO takes the brunt of the legal responsibility when it comes to paperwork and important business decisions like employee classification.

There are some key factors to consider when looking for a PEO service in Canada, such as your business’ needs, the PEOs capacity for legal compliance, and the PEOs professional network. No matter which PEO you go with, however, you can be assured that you have final say when it comes to hiring decisions.

PEOs Summarized

So far we’re gone over three highly important things to know about PEO companies in Canada. Professional employer organizations in Canada can help your business expand by taking care of otherwise tiresome and tricky detail-based work in the field of payroll and administration.

For American companies looking to dip their toes into the candidate pool to the north, there are a few key things US companies need to know about paying employees in Canada. With a continuously growing economic landscape, there are many opportunities such as business expansion that await abroad. While Canada is a vast country with 10 provinces and three territories that all have their own sets of provincial legislation, a PEO company will help guide your business through the plethora of day-to-day details regarding employment.

What US Companies Need to Know about Paying Employees in Canada

Topics: Professional Employer Organization

A Canadian Professional Employer Organization Can Help Your Business

Posted by Ray Gonder

|

Feb 22, 2017 9:00:00 AM

A-Canadian-Professional-Employer-Organization-Can-Help-Your-Business.jpgManaging employees properly and making sure everyone gets paid on time and without discrepancy is key to employee satisfaction as well as workplace efficiency and company morale. Working with a Canadian professional employer organization (PEO) has many benefits, all of which point to overall payroll efficiency and business development support. 

In the business world, any advantage can be the tiebreaker between your company and another business similar to yours. PEO services help businesses grow by offering payroll and administrative support to free up staff from arduous busy work. 

Download our free guide on what US companies need to know about paying  employees in Canada.

Keep reading below to find out how a Canadian professional employer organization can help your business.

When Do I Need PEO Services?

The types of services offered by a Canadian professional employer organization vary depending on the company. When your business partners with a Canadian PEO, your staff is free to focus their energy on business growth and development. PEOs can take care of everything administrative such as paying employees, maintaining your payroll database, keeping financial records relating to payroll, and handling T4s, ROEs, paystubs, and employment verification. 

PEOs can offer more for your business, and are particularly helpful when it comes to staying current with legislative changes and staying on top of legal compliance. For companies that work within a variety of different federal and provincial tax systems, PEOs can make sure they play by the rules and avoid problems with the Canada Revenue Agency

PEOs can also help businesses that are growing through employee training and development, workplace inspections, and putting protocol in place in anticipation of any workplace emergency.

Legal Compliance

The Canadian professional employer organization that you partner with should be an expert when it comes to legal compliance. After all, you’ve turned to their services in order to ensure your business is up to date with legislation and the rules of taxation. Small and medium-sized companies have over 190 legislative requirements—that’s a lot for a business that’s focused on growth to handle. 

A PEO can help your business by taking care of the small stuff so your staff doesn’t have to become experts in legal compliance. 

What’s more, staying on top of changes in legal compliance is easy thanks to the help of a Canadian professional employer organization.

Canadian Business Expansion

With the help of a Canadian professional employer organization, US companies can fearlessly expand their businesses into Canada. There are plenty of things that US companies need to know about paying employees in Canada, and a PEO can help. Figuring out all the new rules of Canadian business and taxation systems will take a toll on any business, especially small to medium-sized ones. 

For a US company expanding into the Canadian marketplace, a PEO can help you easily navigate the uncertainties that come with international hiring, so you can focus simply on making the most of Canadian talent. PEOs take care of the small stuff and take full legal responsibility for paperwork and administrative tasks, leaving business owners to make the important hiring decisions without all the stress of individually handling the minutia of employment standards.

Competitive Edge

Businesses rely on competition to move forward. Motivated by the prospect of growing and staying relevant in your field, staying competitive means looking for new and innovative ways to give yourself that slight edge above your competitors. 

When you partner with a PEO, you also align yourself with its reputation. Working with a PEO that has a good relationship with provincial and federal government officials can help you in the long run. Because authorities prefer working with PEOs that are recognized and have a reputation for making everyone’s jobs easier, you’ll see yourself fly through legal processes and stay free from hassles, which can give you an edge.

What Are You Leaving to Chance by Handling Payroll on Your Own

Topics: Professional Employer Organization

5 Reasons Why Business Expansion into Canada Should Begin with a PEO

Posted by Corinne Camara

|

Jan 30, 2017 9:00:00 AM

hnjjjjm5-Reasons-Why-Business-Expansion-into-Canada-Should-Begin-with-a-PEO.jpgManaging a business is an all-encompassing task with many duties. As soon as you think about expanding your business, those tasks multiply, and new ones are created. With the help of a professional employer organization, you can accomplish these tasks easily and efficiently.

A PEO provides services foremployers to outsource employee management tasks. Using a business-to-business relationship called co-employment, they help organizations in a variety of services, from employee benefits, payroll, and human resources to risk/safety management and employee training and development. Here arefive ways one can help you expand your business in Canada.

Download our free guide on what US companies need to know about paying  employees in Canada.

1. Administration

PEOs handle the majority of steps involved with starting a new business. These seemingly tiny tasks—likeobtaining a business number and insurance, and registering accounts with the provincial and federal government—take up a large amount of time when combined. Because these third parties are already established, they have already completed several of the initial accounts and infrastructure required for business expansion, saving you time on submitting those administrative applications. They help streamline the process of establishing your business, leaving you one less thing to worry about.

2. Compliance

Law and legal matters can be tricky for anyone outside of the legal profession, and many businesses do not have the money or resources to hire, or keep, a dedicated legal team inhouse. With a PEO, there’s no need for lawyers, as they will make sure your business follows all necessary rules and regulations, and reduce any mistakes you may unknowingly make. Part of their job is to ensure your business is properlyset up in the country, following all the health and safety, workplace, and employment laws as necessary. Their trained team of experts keep up with the changing laws and regulations, and can deal with any misclassifications that may have accidentally appeared.

Legal compliance can be complex and hard to understand. Thestaff and risk-management specialists at these organizationswill ensure your company meets all check points, and that your back is covered.

3. Certified HR Expertise

Not all businesses have the resources to dedicate a full team,or even a few people, to an HR department, and staff may be unclear as to exact details involved with employment law and related matters. The knowledgeable staff in a PEO come with experience and certifications in HR, ensuring that any HR-related issues that arise in business expansion can be dealt with by their expert staff.

While starting a business only happens once, employee management never ends. PEOs are there to deal with any issues that could arise, whether providing employee manuals and policies, or maintaining a company’s solid reputation. The HR services they provide come at a better cost than implementing and managing your own in-house department.

4. Top-Notch Payroll Expertise

It’s no secret that payroll is time consuming and one of the bigger headaches of managing a business. A PEO will manage those tasks, while also making surepayroll regulations and tax laws are covered. Their team handles calculating payroll, tax deductions, and filing, as well as administrating pay and employment records, and more. If your company doesn’t have the means to manage payroll, because it’s either too costly or time consuming to conduct in house, these providershave it covered.

Instead of having a full team that takes up time and money, or a few staff on location who aren’t incredibly knowledgeable, experts employed by the PEO will handle all bookkeeping and payroll matters, leaving you with more time to focus on other aspects of your business.

5. Benefit Perks

Many small and medium businesses cannot afford the additional perks big businesses receive. Working with a PEO gives smallercompanies a chance to receive these additional offers, including better access to group healthand benefit plans, workers’ compensation, and even providing additional technology for business expansion.

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

Topics: Professional Employer Organization

Why Your US Company Should Use a PEO in Canada

Posted by Shannon Dowdall

|

Jan 23, 2017 9:00:00 AM

Why-Your-US-Company-Should-Use-a-PEO-in-Canada.jpgUS Companies may have a host of reasons for expanding into the Canadian market. Many companies, however, aren’t sure where to start. When it comes to expanding their business into Canadian soil, many companies find themselves lacking a strong foothold in the amount of work it takes to get the ball rolling with hiring the Canadian workforce. 

For businesses eagerly looking to expand their global presence, a simple venture into revenue expansion could end up taking a serious toll on their business strength and employee morale. 

Download our free guide on what US companies need to know about paying  employees in Canada.

The good news is that you can avoid grave mistakes by partnering with a professional employer organization (PEO). With the help of a PEO in Canada, your business gets expertise, legal knowledge, a strong professional infrastructure, and human resources support. Your business will benefit from making fewer mistakes. Here are some of the top reasons why your US company should use a PEO in Canada.

Expertise & Knowledge of Regulatory Agencies

There are many technicalities and administrative details that businesses expanding in Canada need to know. For American companies looking to take part in Canada’s diverse and skilled workforce, it can be time consuming to stay constantly in the loop regarding Canadian legislation and employment standards. When your company turns to a PEO in Canada to help stay on top of things, you have experts on your side who entirely understand Canadian payroll

By using a PEO in Canada, your company will gain the knowledge of employment standards, mandatory deductions, employee classification, and more for your cross-border employment. What’s more, you’ll have experts who know the details of timing and Canadian deadlines and due dates for filing taxes—dates that you might not know without being fully versed in the intricacies of Canadian regulatory agencies.

Make Expansion Easier

For companies with a lot of work to stay on top of, expanding your business into a new country can help you make the best of low corporate tax rates and new markets. In order to easily transition into registering with new departments according to federal and provincial regulation, a Canadian PEO can take the reins and guide your business through setting up bank accounts and navigating insurance policies. 

Fortunately, US companies that turn to a PEO in Canada can get help with expansion by not having to worry about the details of administration and the Canada Revenue Agency (CRA).

Avoid Serious Mistakes

Out of the many benefits of using PEO services in Canada, one of the most valuable offerings a PEO service can give your company is the peace of mind that comes with avoiding costly mistakes. When it comes to cross-border employment, mistakes can be more than just an inconvenience. Making a small mistake can do more than affect your professional appearance, as these mistakes can leave your business with huge fines, possible lawsuits, and even investigations. What’s more, mistakes that are unintentional don’t mean that your business is exempt from the consequences—mistakes made out of ignorance or misinformation can still have a serious impact on your business and cause you major headaches. 

Unintentional and intentional mistakes are often chalked up to human error. For payroll and human resource departments, being overworked or inexperienced in a new field can increase the chance of these mistakes. After all, fatigue is cited as the cause of many workplace mistakes, and for a businesslooking to expand its workforce, the extra work will likely leave staff overworked. Errors such as employee misclassification can put businesses in the bad books of the CRA. But by using a PEO in Canada, you gain the experience and expertise to keep mistakes at bay so that you can focus on business growth and development instead of avoiding errors.

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

Topics: Professional Employer Organization

Why Partner with a Canadian Professional Employer Organization?

Posted by Shannon Dowdall

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Dec 21, 2016 9:00:00 AM

Why-Partner-with-a-Canadian-Professional-Employer-Organization.jpgEstablishing your brand in the Canadian market can be a fruitful decision. Expanding into Canada can allow your business to grow significantly and increase its profits. However, the initial process of doing so is notoriously difficult, long, and filled with bureaucracy. Furthermore, there is a lot of work that goes into hiring, managing, and paying Canadian workers. If you aren’t intimately familiar with Canadian payroll, the Employment Standards Act, and the regulations and rules that businesses must follow in the country, you could make critical errors that ruin your potential success in this market.

The process is difficult and the risks are significant. That’s why many companies partner with a Canadian professional employer organization to ensure a smooth transition, complete compliance, and improved chances of success.

Here are some of the reasons why you should consider using a Canadian professional employer organization when expanding your business into the Great White North.

A Quicker, Easier Expansion Process

In order to expand, your company must register with both federal and provincial government agencies. You must also build the required infrastructure, including getting insurance, getting bank accounts, and more. The initial process can be lengthy and complicated. You may have to jump through a lot of hoops just to be recognized as a business in Canada before you can even start hiring employees. This can slow down your expansion efforts or even grind them to a halt.

A PEO, however, will already be registered with all required government bodies. You can skip many of the initial steps and operate through the PEO instead.

Added Compliance Expertise

The Canadian laws and regulations surrounding labour, employment, and payroll are complex and nuanced. In addition, they’re constantly changing and they vary from province to province. Without legislative expertise in the Canadian market, you could end up making significant payroll mistakes or human resources mistakes that can damage your reputation and cost you in fines and penalties. You may even risk jail time.

If your knowledge of Canadian legislation is limited or non-existent, it’s ideal to work with a Canadian professional employer organization. This company will have the expertise required to ensure that your company is always compliant in its operations. Tax issues, worker misclassification, health and safety, and all other types of laws and regulations will become a breeze with a PEO on your side. There’s just no reason to try to navigate the complexities of the Canadian market and its laws on your own. A PEO can give you peace of mind and save you considerably money.

Payroll Familiarity

Canadian payroll can be complicated, to say the least. US companies seeking to hire Canadian employees must ensure that they apply Canadian rules when processing their payroll. This means deducting the proper amount of income taxes, CPP contributions, and EI premiums, sending remittances to the appropriate governing body by their deadlines, ensuring proper currency conversion, creating tax slips, and so much more.

Of course, this can be daunting when you don’t have familiarity with payroll or tax knowledge. It can also be quite time consuming to try to learn everything that there is to know about Canadian payroll before your first pay period.

A Canadian professional employer organization, however, will know all about the different tax rates, the remittance deadlines, the CPP and EI contribution exclusions and maximums, the rules for leaves, vacation days, and public holidays, and everything else required to pay Canadian workers properly. Partnering with a PEO can help ensure that you follow all payroll regulations, down to the smallest detail.

Burden of Responsibility

When you partner with a Canadian professional employer organization, you’re effectively shifting your burden of responsibility for your Canadian workers. The PEO will become the workers’ legal employer, and thus, will take on virtually all of the responsibility, roles, and risks that come with the hiring, managing, and paying those workers.

What Are You Leaving to Chance by Handling Payroll on Your Own

Topics: Professional Employer Organization

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