Company payroll services are hard enough for one country — let alone two! American companies that hire employees in Canada are often unprepared for Canada’s payroll and labor laws. Canada has about 190 laws regarding payroll on the books. Handling payroll in both the United States and Canada is daunting, so much so that some companies are hesitant to expand to Canada — even if the expansion would greatly benefit the company. As a result, many American companies (and companies from other countries) hire professional payroll processing companies to do all the dirty work for them!
What does this work entail? Here are just a few of the things professional company payroll services offer to those intrepid American and foreign companies that want to work inside Canada:
- Legal Aid: First and foremost, it is important for American companies to understand with the lengthy and complicated legal requirements for Canadian businesses. Labor laws, health and safety laws, and tax laws are vital in the smooth running of Canadian business and, needless to say, American companies may not have the resources to look up these laws themselves. Payroll processing services can help foreign companies with complying with these laws.
- Insurance: Insurance is a top priority in Canadian labor rules. Many professional payroll companies offer insurance packages that cover both the client and all of its employees in case something happens.
- Payroll: Of course, payroll companies focus on just that: payroll. Canadian payroll companies have experts on staff that know the laws front-and-back, and can pay the employees without any complications or fuss. Even the smallest error can lead to serious repercussions, so it’s best to leave it to the pros.
These companies provide many other services for businesses but no matter what, it’s important to have a firm grasp when expanding business to Canada. For more information, feel free to leave a comment or question at the bottom.