A Canada Employer of Record (EOR) provides a range of services to companies looking to employ workers in Canada. Here are some of the key services typically offered by a Canada EOR:
Payroll Processing
The EOR handles payroll administration, including calculating and disbursing employee wages, managing deductions and withholdings, and ensuring compliance with Canadian tax regulations.
Employee Benefits Administration
The EOR may offer benefits packages to employees, including health insurance, retirement plans, and other benefits. They handle the administration of these benefits, enrollment, and ongoing management.
HR Administration
The EOR takes care of various human resources tasks, such as onboarding new employees, managing employee records, handling employment contracts, and providing support for HR-related inquiries.
Compliance and Legal Support
The EOR ensures compliance with Canadian employment laws and regulations. They stay up-to-date with changes in labor legislation, handle statutory filings, and assist with matters related to employment contracts, terminations, and severance.
Tax Withholding and Reporting
The EOR manages tax withholding for employees, including income tax, employment insurance (EI), and Canada Pension Plan (CPP) contributions. They also handle tax reporting and remittance to the relevant authorities.
Employment Contracts and Documentation
The EOR assists in drafting employment contracts and other necessary documentation, ensuring they comply with Canadian employment laws and address specific requirements.
Risk Management and Insurance
The EOR may provide risk management services, including workers’ compensation coverage and general liability insurance, to protect both the employer and the employees.
Employee Support
The EOR often serves as a point of contact for employee inquiries, addressing concerns, and providing assistance on employment-related matters.
Termination and Off-boarding
When an employment relationship ends, the EOR handles the necessary termination processes, such as finalizing employee payments, issuing necessary documents, and ensuring compliance with termination laws.
The specific services offered by a Canada Employer of Record may vary depending on the provider and the needs of the client company. It is important to discuss and clarify the scope of services with the EOR to ensure they align with your requirements.