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WHY USE CONTRACT STAFF? |
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REDUCE YOUR COST OF DOING BUSINESS!
Did you know that companies can save thousands of dollars per year per employee if they contract staff rather than hire them directly?
It’s one reason approximately 40% of the workforce in North America is now under contract.* This trend is on the rise in Canada.
*Voth, D.M., The 10 Secrets Revenue Canada Doesn’t Want You to Know! [p. 109, 2nd Edition, 2002, Saskatoon, SK: Liberty House Publishing]. |
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| Key People Contracting’s mission is to provide businesses with the tools and procedures to help reduce payroll costs and improve overall company productivity. |
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| The Smart Way to do Business
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WELCOME TO THE "SMART WAY TO DO BUSINESS."
Key People Contracting Ltd., is a staffing agency that specializes in reducing employee payroll costs for small to medium-size businesses. We are dedicated to helping companies do business the smart way.
Our key to success is the personalized approach we take to assisting companies in reducing staffing costs while attracting and retaining key personnel.
By using the KPC contracting service, our Client's overall costs are reduced, allowing that saved revenue to be added to its financial margin.
Our Contractors realize higher take-home pay, a lower tax bracket on their earnings, and the ability to write off operating expenses. It’s a win-win situation.
The result is a streamlined employment process that benefits a company in three key ways:
- One, Reduced Staffing Costs. The savings come partly from a company having fewer employees on payroll – which means less remittance of Employment Insurance, Canadian Pension Plan, and Workers Compensation Board premiums.
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Two, Lower Administration Costs. This includes, for example, not having to administer vacation and benefit plans and produce T4 slips. This adds to the company’s financial margin. Benefit plans are replaced through KPC.
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Three, Increased Productivity. Contracting helps attract and retain key personnel because independent contractors have higher take-home income. Company morale increases, higher work standards usually result, and an overall increase in productivity follows. |
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WHY BECOME A CONTRACTOR?
MAKE MORE MONEY AND CONTROL YOUR FUTURE.
Find out how much tax you pay and what you can save by becoming an independent contractor!
Lower Tax rates – Small businesses pay less than 17% tax, whereas money earned on a personal level can be taxed at up to 40%.
Key Contractors can save an additional $2,800 per year by electing not to pay CPP and EI. Investing these savings into a savings plan will generally produce better retirement income than CPP. Our Financial Advisors will show the best set up for each contractor.
Business Expenses – Our Contractors can deduct expenses and the ongoing operating costs for their business. Many of these costs were previously paid for in after tax dollars and were not tax deductible.
Company Structure / Income –Contractors can take advantage of the use of dividends, other allowable forms of income when paying themselves. Learn More... |
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