It is unusual for artists to pay to record your songs. Having one of your song(s) “cut” by an artist means that you potentially will have performance royalties coming your way as well as proceeds of any sales of their album. It is important that they identify the songwriters name(s) on the album to ensure that all the songwriters get proper credit and get paid for the use of their work.
Once the product makes it to market and, IF it gets airplay, or is used in film, TV, documentaries, radio, digital downloads, you can make money from to performance royalties through SOCAN.
Register your song with SOCAN, Canada’s Performing Rights Organization, to collect any future Performance Royalties (Songwriting and Publishing).
You always have the opportunity to pitch your song(s) to artists and other projects to earn royalties and other license (or sync) fees.