Step-by-step (Full Guide Series) to Payroll in Canada: Step 1
Step 1 in the Step-by-step (Full Guide Series) to Payroll in Canada: Introduction
Disclaimer: The You is esoteric.
You are new to the land in the north, and just ventured to a territory where the bears run free, you’ve looked to the moose for some advise and payroll isn’t really your cup of tea. You had never heard of payroll as an independent function, you kicked around and here you are. These are your options:
Option 1: D-I-Y project
You’ve mastered the IKEA instructions and you are high at life, nothing seems impossible, numbers, taxes and reading daunting government issued payroll manuals (with current read time: 262.798 hour sand counting) are in your blood. This is for you. You may leave now and cancel all personal commitments indefinitely. Proceed to Step 2.
Option 2: Hire a payroll professional.
You have no faith in yourself when it comes to payroll or you took on the challenge, struggled, broke down and now you are back to explore your options. Maybe you are a visionary and know that you can’t wear the burdensome hat of payroll, so you look for a payroll expert.
The average payroll administrator salary in Canada ranges from $60,000 - $80,000 per year. You love your money and aren’t ready to invest in creating a payroll department just yet.
Let us help you get started with some free rather than paid options.
Option 3: Outsource your payroll.
You are Nostradamus himself, foreseeing the challenges of payroll and looking for a quick escape, or, you are here because you opted for option 2, and you as a social media sensei by night, are looking to undo the inadvertent ❤️ double tap on option 1.
If you are looking to streamline your operations by outsourcing some part of your back-office services to North America, you may want to consider payroll outsourcing in Canada.
Outsourcing your payroll with stub. can cost you anywhere between $6,000 (5 employees) to $36,000 (100 employees) per year.
Our team works with clients across Canada including Quebec on a range of payroll projects, whether you are implementing a new payroll software, venturing into Union payroll, looking to re-strategize your HR department, or just need a plain automated payroll setup. Let’s talk.
So, there you have it. This ends the beginning of your payroll journey.
We are looking to empower you in payroll. Move on to step 2 and discover how payroll works in Canada.
