Payroll solutions are systems that support your business by making sure your employees are paid accurately and on time. They also provide payroll support when you need it and help you make sure your business stays compliant with changing tax laws.
Payroll solutions
Save time and money with payroll tools that work for you
A better way to do payroll
Choosing how to manage payroll for your small business is a big decision—on the one hand, it’s nice to have visibility and stay connected to one of your biggest monthly expenses. On the other hand, outsourcing means you’ll never forget one of the most important tasks in the busyness of day-to-day entrepreneurship.
Your choice should line up with your business’s specific priorities and ensure an accurate, efficient payroll process—so you can focus on growing your business.
Let’s look at the options:
1. Do It Yourself (DIY)
If you're up for the task, you can manage payroll on your own. It's cost-effective in the short term but the potential cost savings are usually outweighed by how time-consuming it is and the risk of costly mistakes dealing with tax regulations.
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2. Direct outsourcing
If you want to be completely hands-off, you can hand off the payroll process to a third-party service. It saves time but can be quite expensive, especially for small businesses. Housing sensitive employee data with a third party also has security risks and gives you less control.
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3. Payroll solutions provider
(Payroll management software) If you want to keep your payroll in-house—without the DIY—opting for a payroll solutions provider can give you the best of both worlds. The right payroll solutions provider can be flexible, cost-efficient and timesaving, automating time-consuming tasks like calculating wages, deductions and net pay accurately.
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Flexible payroll solutions for your small business
Gulf & Fraser’s payroll solutions offer powerful software, easy-to-use tools and affordable options. These resources, including our payroll partner ADP Canada, can take some of the stress and complexity out of your payroll—so you can focus on growing your business.
Here are just a few reasons why businesses connect with a Business Relationship Manager to discuss payroll solutions:
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Flexible, affordable options
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Payroll processing anywhere, anytime
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Store records like paystubs and tax documents
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Self-service employee portal
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Recruitment support, including HR templates and hiring portal
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CRA payment processing
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Industry-leading data security
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Expert payroll support when you need it
Finding the right payroll solution for your business
Choosing the right payroll solution starts with knowing what your business needs—and what you want—from a software or service. Consider making a list. Here are a few questions to get you started:
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Are you looking for basic salary and tax calculations for each employee?
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Do you want full automation of all deductions and remittances?
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Do you want direct deposit into employee bank accounts and/or cheque printing and delivery?
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Do you need to track and create reports on payroll?
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Do you want support with any government inquiries?
Consider all your business’s unique needs and choose a solution that checks all your boxes.
The benefits of payroll solutions
Scalable solutions
Customize your payroll management solution to meet your business’s needs—and change when they do. Whether you have multiple pay schedules or benefits packages, hourly or salaried employees, we've got you covered.
Empowered employees
Empower your team with the information they need. Your managers and employees get easy access to schedules, timesheets, pay stubs, T4s and more.
Expert support
Gulf & Fraser Business Relationship Managers are here to support your business, whether that means demystifying payroll solutions or interacting.
Save time and money
Shift away from the heavy lifting on your labour-intensive payroll tasks so you can spend your time building your team and your business instead of doing paperwork.
Explore your payroll options
Small
If you have a smaller workforce or you're just starting out, payroll can seem daunting. Here are a few things you’ll need to consider:
Federal and provincial standards for wages, including holiday and overtime pay
Tax compliant deductions and remittances
Taxable and tax-free employee benefits
Paying employees vs. independent contractors
Payroll period frequency and scheduling
Direct deposit and physical cheque issuing
Services like our automated fund transfer (AFT) can simplify your payroll process. Even if you don’t have a dedicated HR team to handle payroll, this crucial part of your business can be a breeze with the guidance of your Gulf & Fraser Business Relationship Manager.
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Midsize
Midsize and enterprise companies deal with many of the same payroll logistics as small teams, but may have additional concerns to address:
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Labour and tax compliance to align with global operations
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Integration with existing tools and software
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Dedicated support and service
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Enhanced scalability for a growing workforce
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Robust data protection
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Managing multiple currencies and languages
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Detailed auditing and reporting
Whatever the payroll process for your business looks like, the most important thing is choosing the tools that fit your needs. Get in touch with an advisor to find solutions that will keep things on track—and keep your employees happy.
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Payroll solutions FAQ
What is a payroll solution?
Who is ADP Canada?
Automatic Data Processing Canada (ADP Canada) is Gulf & Fraser’s payroll solutions partner. ADP has been a leader in payroll and human resources solutions for businesses across Canada and around the globe for more than 70 years.
Are payroll solutions a good investment for small businesses in Canada?
The right payroll solution will provide a good return on your investment, ultimately saving your small business time and money.
Small business owners often juggle many jobs, including labour-intensive payroll tasks. The right payroll solution will streamline those and lighten your load.
Payroll solutions can integrate with your time-tracking tools to automate many of those time-consuming tasks. Get your valuable time back while your employees get paid, and your taxes get filed on time—all while lowering your risk of costly mistakes and penalties.
Why do I need a payroll solution—can’t I just do payroll myself?
Whether you need a payroll solution depends on a few things, including your business’s structure and resources, and your comfort and ability to manage your payroll needs.
Managing payroll yourself involves tracking time, calculating wages, calculating, deducting and paying taxes, managing employee benefits and staying compliant with changing government regulations. Many small business owners choose payroll solutions to save time, reduce errors and ensure compliance, freeing them up to focus on growing their business.
The right payroll solution will give you:
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Improved payroll accuracy and speed
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Time savings
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Improved compliance with Canadian tax laws
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Enhanced security for your payroll data
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Seamless access to payroll information
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Scalable solutions that grow with your business
Want to discuss your payroll options? Get in touch
What are the best payroll solutions?
It’s important to find the best payroll solution for your business. Ultimately, the best solution for you is the one that meets your needs and fits your budget.
Here are some key services and offerings to look for in a payroll solutions provider:
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Automate payroll and tax calculations
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Remit tax payments on time
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Support your team with any engagement with the Canada Revenue Agency
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Help your business stay compliant with evolving tax laws and regulations
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Integrate seamlessly with time tracking, workers’ compensation, insurance services and other HR applications
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Secure processing to protect sensitive employee data
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Customizable, so you’re not paying for features you don’t need
Do I have to wait for a new fiscal year to switch my payroll provider?
Some businesses wait for the start of a new quarter or year before switching to a new payroll provider. But Gulf & Fraser can support your move any time. Ready to make the switch?
Other solutions you may want
Merchant services
Process customer payments with ease. Increase your cash flow and your customer loyalty.
Business lines of credit
Instant access to funds you need, when you need them. Manage daily operations and seize new opportunities with ease.
At Gulf & Fraser, we're here to power your possible
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