Growth and international expansion go hand in hand, especially in today’s competitive business environment. If you are already doing business and managing payroll in Canada or have been considering expanding there, now might be the time to make a move. Canada negotiated new trade agreements with eleven countries on the Trans-Pacific Partnership, creating the most comprehensive trade agreement in existence and changing the competitive landscape. With few barriers to entry and its close proximity to the US, many businesses find Canada is a great place to start with global expansion.
Despite the ease of starting or growing your business in Canada, there are a few factors to consider when expanding there. Canada has strict residency requirements for company board members, as well as tax regulations related to resident vs. non-resident status employees. While Canada is officially bi-lingual English and French, businesses in Quebec are required to communicate in French and comply with a different set of laws and regulations. Having a local partner who can guide you through the language and customs of each province is vital to ensure compliance.
From startups to growing enterprises, companies with operations and payroll in Canada require sophisticated payroll management software and global payroll solutions. With the right payroll management software, it’s possible to streamline processes and ensure total payroll compliance. Blue Marble Payroll is a trusted provider of global payroll solutions, equipping your business with best-in-class technology and services in Canada and around the world.