Taking A Second Look At Co-Employment
BusinessAmerican companies expanding into Canada may initially believe that co-employment, or employer of record-type services, may be their best option. However, there are multiple advantages to managing your employees under your own Canada Revenue Agency (CRA) Business Number. Co-employment can blur the lines in an employer–employee relationship. In Canada, whoever directs the day to day activities of the employee is deemed to be the true employer of record. When embarking on a co-employment relationship with employees, you may be subject to higher fees for Workers Compensation (WCB). Your premiums will be based on the industry classification of the co-employer, as all employees are pooled together. The rates will...