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PaymentEvolution Blog

Reopening Your Workplace: Preparing Your Space, Safely

August 16, 2021May 26, 2022 By Sam Vassa

As restrictions loosen across the country, you may be ready for your employees to return to the workplace. Of course, there are various things you need to think about as your workers transition from remote work to working on location again.  Before you open your doors, you’ll likely need to make a few changes to…

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Hiring Your First Employee – Employee or Independent Contractor?

August 9, 2021May 26, 2022 By Sam Vassa

It might have started small, but your business is now growing. And after careful consideration, you’ve decided that it’s time to expand your team.  But what kind of worker is right for your business? Should you hire an employee as part of your company, or would a gig worker (also known as an independent contractor)…

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Hiring Your First Employee – Employers In Quebec

August 3, 2021May 26, 2022 By Sam Vassa

As a business in Canada, hiring your first employee involves the Canada Revenue Agency (CRA).  If your business is based in Quebec, you’ll need to get familiar with Revenue Quebec. Especially if you’re planning on hiring your first employee.  So let’s break it down.  Register Your Business With Revenu Quebec  If you haven’t already, you’ll…

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Life Insurance as an Asset Class

July 29, 2021May 26, 2022 By Sam Vassa

When considering 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 that you use.  With that said, there may be other asset classes that your business may be overlooking, life insurance being one of them. With cash value…

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Hiring Your First Employee – Parting Ways

July 26, 2021May 26, 2022 By Sam Vassa

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…

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Reopening Your Workplace: Welcoming Back Your Employees

July 23, 2021May 26, 2022 By Sam Vassa

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…

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Understanding Buy-Sell Agreements

July 21, 2021May 26, 2022 By Sam Vassa

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…

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Hiring Your First Employee – Annual T4 / RL-1 Reports

July 19, 2021May 26, 2022 By Sam Vassa

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 –…

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Hiring Your First Employee – Skill Development and Employment Standards

July 12, 2021May 26, 2022 By Sam Vassa

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…

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Hiring Your First Employee – Creating a Benefits Package

July 5, 2021May 26, 2022 By Sam Vassa

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…

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