Canada has 2.7 million self-employed workers and a strong legal framework for protecting businesses against late payment. Provincial laws vary, but most provide tools for collection, including late payment interest and compensation.
According to the Statistics Canada, Canadian businesses face average payment delays of 28 days, with some sectors (construction, retail) exceeding 45 days. The economic impact is estimated at C$22 billion annually.
PingPaid helps Canadian freelancers by automating the collection process, adapting to provincial laws and ensuring your invoices stay on the payment radar.