Payroll and HR in Canada

Payroll and HR in Canada

Local Information

Local Time (Ottawa) (LIVE):8:27 AM
Local Currency:$1 = C$1.31
Business Language(s):English
Tax Year Dates:1st January – 31st December

 

Located between Russia and the US, with an affluent economy and home to an efficient transport network, Canada is a profitable place to do business. If you’re thinking of expanding your business to Canada, there are a multitude of benefits. However, there are also some challenges to consider. None more so than international payroll and HR. Whether you’re moving employees abroad or hiring new starters in Canada, you need an expert on your side to help guide the way, ensuring your business remains compliant with the country’s legislation.

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Details correct at time of publication. You should not rely on these details without first seeking professional international advice.

Employer Must-Dos

In Canada, the following reports must be submitted to strict deadlines

  • GST/HST returns
  • Corporate income tax return
  • Non-Resident Tax Withholding, Remitting, and Reporting Statements

Payroll in Canada

What tax considerations are there?

In Canada, there are three levels of taxes – federal, provincial and municipal, which all impose taxes on businesses in Canada. Non-residents of Canada are only subject to tax on income from Canadian sources. Canadian resident corporations are usually liable for both federal tax and provincial tax at a combined rate.

HR in Canada

What are the regular working hours in Canada?

The standard hours of work in Canada are 8 hours a day, Monday through to Friday. 40 hours total in a week.

Termination

When it comes to terminating employment in Canada, employers must abide by the Canada Labour Code. Unlike the US, Canadian legislation addresses ‘Termination With Cause’ when an employee is dismissed for something related to an employee’s conduct and ‘Termination Without Cause’ for reasons unrelated to misconduct.

business in vancouver

 

HR and Payroll in Ottawa

Canada’s capital city Ottawa is home to a large population of university graduates, which makes it an ideal place to find skilled employees for any business. The city also has a number of academic research centres and institutions, which indicates that companies have access to the latest research and understanding about a range of sectors.

Ottawa also has a healthy economic climate, with a low unemployment rate and strong entrepreneurial investment. Over the last ten years, more than $4.3 billion was invested in technology companies alone. The local government of Ottawa has a commitment to the economic development of the city, and therefore encourages new business.

HR and Payroll in Toronto

In 2015, The Economist magazine voted Toronto the world’s best place to live. There are many reasons why the city gained this fantastic label, such as its diverse culture, the arts and entertainment scene, incredible food and beautiful, varied scenery. As far as business is concerned, it’s the cities popularity as a place to live that makes Toronto an attractive option for start-ups.

In Toronto, business-owners also have access to a number of funding opportunities, both through the state and privately. There are business support schemes offered by the City of Toronto, and assistance is provided for those who need it while obtaining all the required permits and licensing.

HR and Payroll in Montreal

One of the most important things to note when it comes to doing business in Montreal is that this is the largest city in the French-speaking province of Quebec. The population here is very proud of their French language, and therefore all legal matters and business-speak will be in French.

Montreal is home to a vast pool of well-educated and highly-skilled workers. There are more than 200,000 university students (35,000+ of whom are international students) and more than 275,000 professionals working in science, technology, maths and engineering. It’s also said to cost less, on average, to run a business in Montreal than in the rest of North America, taking into account electricity rates, loans, tax credits and salaries.

HR and Payroll in Vancouver

Having the strongest economy of any city in Canada, Vancouver is known to be an excellent place to do business. The state investment in the city has seen improvements in housing, office space, tourism, and the technology and innovation sectors.

The state prioritises aid and assistance for small, independent businesses and local events, while also providing support for major industries. Around 50,000 business licences and 100,000 permits are issued by the City of Vancouver every year, and support is offered for everything from administration to funding applications.

Looking for more information?

To find out more information about international payroll and the implications and considerations that come along with it, download our free guide to international payroll today.

Download Our Guide

FMP’s Canadian Payroll and HR Solutions

FMP Global are dedicated to helping your business with company formation, tax compliance, visas, general payroll, HR and more. Whether you need payroll and HR in Toronto or Montreal, our in-country teams are here to help. With a single point of contact, you have the help you need, whenever you need it. Our solutions include:

  • Canadian Employment Contracts
  • Payroll Processing
  • Handling of payments
  • Annual declarations (lodging, apprenticeship & training taxes for concerned companies)
  • Regulatory Compliance
  • Tax and Labor Law Consulting
  • Assisting in payroll audit (or payroll department audit)
  • Handling of confidential payroll
  • Assistance in company restructuring plan
  • Assistance in implementation of procedures
  • Assistance with start-up (in link with lawyers)

Stay Compliant - Payroll and HR Services in Canada

Looking for your perfect global HR and payroll partner? Look no further than FMP Global. Our Canadian payroll & HR compliance, legislation and employment law knowledge is second to none. We’ll deal with the complexities while you get on with the important day to day tasks.

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