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VPM

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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HR and Benefits Administration

We simplify your business for payroll, human resources and any individual or group benefits by coordinating effectively and helping ensure employee records, payments and reporting are correct. Through our service and technology flexibility, we create efficiencies that are made to fit and work well with your business.

HR

Human resources is an important function that overlaps with payroll in many ways that includes maintaining employee records. We will work with your human resources or management to ensure employee records are correct, and that the process is as made as simple as possible. Through your dedicated point-of-contact, you can inform us of any change request over email or using an online option, and see payroll records reflected for all payroll payments and reporting.

From a record-keeping or systems perspective, we can ensure accurate and timely updates of employee records between payroll and HR through instructions delivered by email, or by interfacing a file from any HR system for synchronization. For smaller companies that do not have an HR system, we can provide base level HR reporting from our payroll system that can add value.

Benefit Administration

Offering different benefits to your employees, such as dental or vision insurance, may be part of your business or nonprofit. We work with your third party administrator (TPA) and ensure success to your organization by independently tracking and reflecting benefits in payroll reporting to government and employees. Where we see questions in any TPA benefit calculation, with your permission we will discuss them with your TPA and help resolve them for you in order to ensure an additional level of accuracy and oversight.

At your request, VPM will additionally recommend to you a shortlist of TPAs that you can periodically evaluate for fit and alignment with your organization.

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!

 

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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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Contact Us

1.866.315.8822

info@vtacpayroll.ca

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

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

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