[Verse 1]
When you hire staff to help your business grow
There's costs beyond the wage that you should know
Their salary's just the start of what you'll pay
The government wants their portion every day
CPP and EI, the employer side
These payroll taxes you cannot hide
[Chorus]
Staff costs stack up, remember the five
Salaries, CPP, EI to keep compliant and alive
Benefits and comp premiums too
Training costs round out the crew
All deductible when business is true
Employee expenses working for you
[Verse 2]
Group benefits keep your workers satisfied
Health and dental plans you can't put aside
Workers' compensation shields you from the fall
If someone gets hurt while working for you all
These premiums protect both them and you
Legitimate costs that CRA sees through
[Chorus]
Staff costs stack up, remember the five
Salaries, CPP, EI to keep compliant and alive
Benefits and comp premiums too
Training costs round out the crew
All deductible when business is true
Employee expenses working for you
[Bridge]
Don't forget the training that helps them excel
Courses and seminars serve your business well
Skills development is an investment sound
Tax deductions waiting to be found
[Verse 3]
Document everything, keep records clean
Every payment made should clearly be seen
T4s at year end, remittances on time
Following the rules keeps you in line
These employee costs reduce your tax
Proper planning puts money back
[Chorus]
Staff costs stack up, remember the five
Salaries, CPP, EI to keep compliant and alive
Benefits and comp premiums too
Training costs round out the crew
All deductible when business is true
Employee expenses working for you
[Outro]
When you build your team and hire with care
These deductions help the financial load you bear