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VPM

We’re the leading payroll service provider in Canada for adding value to businesses and non-profits through affordable prices and exceptional and personalized service.

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Switching Your Payroll to VPM

Overview

At VPM we do everything we can for clients to make switching payroll from in-house or another service provider as easy and as painless as possible.

To begin, VPM does not charge any set-up fees for any work associated with joining VPM. It’s completely free to clients.

From a quality perspective, VPM also performs for free a full year-to-date payroll update for each active employee in our system, coupled with a full reconciliation of these records with comparable client YTD reporting. Together, this free implementation service simplifies the year-end for clients and employees by having all payroll reports such as T4s from from one source of truth and not two or more. It’s also rare among Canadian payroll service providers to go this extra mile, but we do this to fulfill an opportunity to provide better service and to help clients be completely confident in our switching and implementation process.

Onboarding steps

The steps to onboard clients are streamlined and can be implemented quite quickly from VPM’s perspective, even in just a day in some cases. The timing really depends on each client and how quickly they provide back all the information that is required.

In a nutshell, once a price quote has been requested, received and accepted, the steps to switch payroll to VPM can be understood as follows:

  1. The client fills-in Employer, Employee and Direct Deposit set-up forms, and send them back to VPM
  2. VPM sets up new company and employees on its payroll system, and with RBC for direct deposit that they will perform on VPM’s behalf
  3. VPM performs management training and answers all client questions for full, part-time and contract employees. This includes HR, benefits administration, or special technology requirements
  4. Other setups are completed (such as epost and any other requests)
  5. VPM performs a complete YTD payroll update and reconciliation for the client and its payroll, ensuring everything is correct
  6. Any issue found during the reconciliation is corrected. If an issue is identified with the information received from the client, VPM will advise and seek client clarification
  7. Client and VPM agree that everything is in order and that the client is ready to use VPM’s payroll services

That’s it. Simple, fast, accurate, flexible and free.

 

Open to switching your payroll provider?

Request a price quote so you can compare prices and fees and become better informed. Join now to receive one month of payroll free!

 

Learn about our free and fast onboarding process for switching and saving.

Request Quote

FAQ

I’m switching payroll providers halfway through the year, do I require 2 sets of T4s, one from each provider?

While not necessary, the year to date (YTD) data from the first provider can be carried over and added to the new provider. This includes all the data that employees have had in the given year (gross pay, CPP, Tax, EI etc). This information will then be used to generate the T4s at the end of the year.

What happens if my employees have garnishments?

Garnishments are to be collected and paid out based on the letter received by the entity. The deductions/payments will happen accordingly and can differ based on the situation explained in the letter.

How are source deductions handled?

The employee’s tax/CPP/EI and employers CPP/EI are collected and remitted to the CRA based on the frequency that has been assigned to that entity (i.e monthly-15th of each month).

Do I have to pay WSIB/WCB (Workplace Safety and Insurance Board/Worker’s Compensation Board)?

While not all industries are required, WSIB/WCB coverage is mandatory for many industries. Accidents happen and coverage is available.
The amount paid to WSIB/WCB will depend on the rate that is assigned to your business/industry/field. Based on that, the employer must pay that rate per gross payroll amount.

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1.866.315.8822

info@vtacpayroll.ca

Toronto Head Office
401 Bay St. Suite 1600
Toronto, ON, Canada
M5H-2Y4

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300, 840-6 Avenue SW
Calgary, AB, Canada
T2P-3E5

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