When thinking about your business assets, you might start with the obvious: the physical location of your business, the product or services you sell, and the tools and equipment you use. But there’s another asset class your business may be overlooking: life insurance. With Cash Value Life Insurance, you can turn corporate dollars into a…
Hiring Your First Employee – Parting Ways
It happens to every business owner: at some point, one of your employees will leave or you may even choose to part ways with an employee through termination. It isn’t fun to think about the possibility of losing an employee no matter the reason – but it’s imperative to be prepared for when these situations…
Reopening Your Workplace: Welcoming Back Your Employees
As lockdown restrictions begin to lift across the country, many Canadians are looking forward to getting back to business as usual. For many businesses, this entails bringing employees back to the workplace. But as a business owner, you’re now faced with a tough question: how do you safely navigate reopening your place of business? Most…
Understanding Buy-Sell Agreements
Let’s paint a picture together, shall we? After years of work and hustle, you and your co-owner have created a successful business together. You’ve achieved all that you sought out to do. Sales are sound. You have employees you can depend on. All seems well. But suddenly – because life is unpredictable and things happen…
Hiring Your First Employee – Annual T4 / RL-1 Reports
You’ve hired your first employee, set them up on a progression plan, and they’re thriving in your small business. Great work! Next, you’ll be responsible for reporting your employee’s income to the government. Enter the T4 (and possibly the RL-1) slip. T4 slips and tax season in general often brings about a collective sigh –…
Hiring Your First Employee – Skill Development and Employment Standards
A big part of being a great employer is making sure your employees are continually learning and growing; it benefits them and benefits the company at large. So how can you ensure that your new employees stay on the right track months down the road? Creating an employee development plan is a great way to…
Hiring Your First Employee – Creating a Benefits Package
Without a doubt, a solid benefits package is one of the most effective ways to attract and retain a good employee. And after the many steps you’ve taken to find and hire the right person, you want to make sure you’re providing them with everything they need to feel fulfilled at your company. Contrary to…
Hiring Your First Employee – Onboarding and Setting Up Payroll
After searching long and hard for the right employee, you’ve found “the one.” You’ve made the offer, they’ve accepted, and now you need to think about the onboarding process. From first day processes to setting up payroll, an effective onboarding process is essential – it sets the foundation for your new employee, priming them for…
Hiring Your First Employee: The Interview and Making an Offer
Okay. You’ve crafted the perfect job posting, populated all major employment boards, and applications have started rolling in. Once you’ve filtered through your many applicants, you’re ready to start scheduling interviews. Conducting an effective interview will help you select the right person for the job; someone who aligns with the professional demands of the position…
Health and Safety For Your At-Home Employees
Your employees might be working from home these days, but just like in the office, maintaining a positive workplace culture is vital. And part of maintaining that culture means promoting the safety of your employees — both physically and mentally. Here are some ways you can improve the health and safety of your employees while…
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