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Three Employer Laws You Must Follow In Canada

Setting up a business in Canada can be quite the ambitious pursuit, but it is a great country for such a pursuit.  There are many laws in Canada that are designed to encourage entrepreneurialsm, committed to encouraging people to starting a new business and employing their fellow citizens. It is a strategy that holds society together.

Of course, operating that monavocat Canada business is not quite as fantastical.  If you want to run your business properly and effectively, you need to have a grip on the many laws that ensure all businesses are running legally and in the best interests of all people.  As such, here are a few basic regulations you should know as you are getting started. You can learn more as you go, but these should help you to start and operate your business at the very basic level.

HIRING and PAYROLL

Most businesses require that you hire at least a few employees. Maybe you can manage much of the operations yourself at first but eventually you will need someone to help you delegate some of the responsibilities as you begin to expand.  And when you begin to hire people, you will need to understand how to pay your people and track your payroll, including information on:

  • employment insurance premiums
  • personal income tax
  • Canadian pension plans

To manage a payroll you will need to:

  • open payroll account numbers for each employee, at your bank
  • get key, payroll-related information for each of your staff members
  • calculate and pay according to associated deductions
  • keep accurate, long term records

SAFETY and INSURANCE

The Canadian government also requires that employers register their staff with the Workplace Safety and Insurance Board (WSIB) within 10 days of hire.  The WSIB is dedicated to reducing the likelihood of work-related injuries, illness, and fatalities.  Benefits of WSIB registration can include:

  • assisting employees who have recovered from illness or injury back to work
  • insurance which covers the cost of lost earnings from such an injury
  • no-fault liability insurance
  • protection from potential work-related law suits
  • accident prevention
  • safety training

EMPLOYER HEALTH TAXES

In addition, all employers must also pay the Employer Health Tax to all employees who:

  • are employed at the employer’s permanent establishment, or
  • are attached, in some way, to this permanent address, or
  • work at another address but are paid through the financial department which is located at or via the permanent address

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