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It is important to know and understand the laws and regulations that apply to your business.
The consequences of not following regulations could mean the end of your business
Human Resource Management is the department in your business that manages the people.
There is a huge amount of responsibility, HR has a huge impact on moral, building the company culture and settling disputes.
It is the responsibility of a business to ensure they are operating within the letter of the law. You are responsible for knowing what laws apply to you and making sure you follow them.
Ignorance is not an excuse.
The job of HR in a small business is likely to fall to the owner until the business grows. HR will develop training, job descriptions, business policies, and more.
In addition to developing material, you will also need to manage payroll, hire new staff, and many more responsibilities.
There are some laws that come from the government of Canada. Think of taxes and workplace safety rules. There may be some overlap with Federal and Provincial level.
Your business will have sales which will likely include some form of tax. It is your responsibility as a business owner to make sure that you are keeping track of and pay the taxes you collect.
If you, or your customers are First Nations, there may be some tax exemption sales you will also need to be aware of.
Health and Safety is not only important for the well being of you and your staff but there can been heavy consequences if do not follow regulations.
Due to the widely varied and specific nature of health and safety, it is impossible to cover everything you may encounter in your business. It will be your responsibility to research what applies to you.
Similar to Health and Safety there are a lot of elements to consider with employment law. Some basics you need to consider are minimum wage, discrimination, overtime, benefits, and more.
Your provincial government will have regulations that apply to your business just like the federal government.
Similar to the federal level, each province has specific laws you need to follow. To find more information on health and safety in your province or territory you can visit the Canadian Center for Occupational Health and Safety website.
Like your federal taxes, you will have to track your provincial sales tax. Depending on your location, you may have a Harmonized Sales Tax rather than GST and PST.