Includes salary computation, overtime pay, and vacation pay for employees.
Expertise – Payroll management specialists ensure accurate and efficient processing.
Customization – Tailored payroll solutions based on business needs.
Compliance – Ensures adherence to labor regulations and tax laws.
Efficiency – Automation tools improve payroll processing speed and accuracy.
Base Salary: Calculated based on employee contracts and working hours.
Overtime Pay: Calculated as per legal standards (typically 1.5 times the regular pay)
Vacation Pay: Includes payment for annual leave, statutory holidays, and other paid leaves
Bonuses & Allowances: Covers performance bonuses, transportation allowances, and other benefits
Payment Methods: Supports bank transfer, checks, cash, and other payment methods.
Payment Frequency: Weekly, biweekly, or monthly payroll processing.
Pay Slips: Generates detailed pay statements, outlining earnings and deductions
Register employers for workers’ compensation insurance
Ensure all employees are covered under the insurance plan.
Calculate premiums based on employee wages and industry risk classification.
Ensure timely premium payments to maintain valid coverage.
Assist employers with workers’ compensation claims.
Provide necessary documentation for claim processing.
Generate T4 slips for each employee, detailing annual income and deductions.
Ensure accuracy of T4 forms.
Submit annual payroll filings to the Canada Revenue Agency (CRA).
Ensure compliance with tax regulations.
Distribute T4 slips to employees for personal tax filing.
Deduct employee income tax based on earnings.
Submit tax remittances to the CRA on a scheduled basis
Deduct employee CPP contributions.
Remit employer CPP contributions as required by law.
Deduct employee EI premiums.
Remit employer EI premiums to the CRA.
Union dues, pension plan contributions, and other applicable withholdings.
Design leave and sick leave policies in compliance with labor laws.
Ensure fair and transparent leave policies.
Provide an online leave request system.
Approve and manage leave applications while ensuring compliance.
Automatically track employee leave usage.
Generate leave reports for management reference.
Automatically calculate PTO balances.
Notify employees of their available leave balance.
Automatically record sick leave and personal leave usage.
Generate reports for leave tracking.
Adjust leave entitlements based on hire date, years of service, and company policies.
Regularly review payroll policies to ensure compliance with labor laws.
Identify potential compliance risks.
Update payroll policies based on the latest federal and provincial labor regulations.
Notify employees of any policy changes.
Provide training for management on labor law compliance.
Ensure managers are aware of the latest labor policies.
Understand the company’s payroll management requirements.
Define the scope and objectives of the service.
Create a customized payroll management strategy.
Communicate and confirm the plan with the company.
Execute payroll management solutions.
Provide ongoing support and assistance.
Assess service effectiveness
Optimize payroll solutions based on feedback