For certain industries, it’s mandatory for employers to set up and pay workers’ compensation insurance. This entitles your employees to income in the event of injury or illness as a direct result of their work. Premium rates and requirements vary by province. To find out if you need to p...
Canada Fedis a caption that references payments made by the CRA to eligible individuals for some benefit programs sponsored by the federal government. These benefits programs include the GST/HST credit, theCanada Workers Benefit(CWB), and the Canada Child Benefit (CCB). Benefit payments made with...
Motus Bank has a leg up on the other online banks when it comes to travel to the USA. They offer access to over 40,000 ATMs, surcharge-free, in the USA through the Allpoint network. A handy benefit to have for anyone who travels frequently to the USA.Read my Motusbank Review here....
calculations and making payments to both workers and the government, an employee self-service portal is another fantastic feature. It increases data and information accuracy and transparency, plus it means less work for you since they’ll have access to their paystubs and year-end forms. Some sel...
, senior program manager and genetic counsellor at telus health care centres . according to the 2023 benefits canada healthcare survey, 39% of employers are interested in adding genetic testing for disease risk to their benefit plan. [1] genetics holds great potential to help employees on their...
CPP Payments 2024 The table below shows the monthly maximum CPP payment amounts for 2024, along with the average amount for new beneficiaries: Type of pension or benefitAverage amount for new CPP beneficiaries (Jan 2024)Maximum payment amount (2024) ...
The majority of Canadians (85%) say their primary credit card offers some type of reward, according to the 2023 Canadian Payment Methods and Trends Report from Payments Canada[1]. Plus, more than half of credit card users listed rewards as their main reason for using a credit card frequently...
World Vision Canada supports employees who want to start a family with maternity and parental leave top-up payments for new mothers (to 80 per cent of salary for 27 weeks) and parental top-up for new fathers and adoptive parents (to 80 per cent of salary for up to 12 weeks) -- and ...
The employer pays workers monthly. The employee files jointly with a spouse. Here is what the employee’s monthly payroll deductions might look like: GROSS SALARY, $72,000 / 12 pay periods $6,000 DEDUCTIONS, PRETAX Retirement plan contributions, $6,000 / 12 -500 Medical/dental insurance,...
Furthermore, as of 21 March 2023, a corporation that holds an initial qualification certificate for a large investment project will be able to make an irrevocable election to benefit from a new alternative calculation method for the tax holiday. The election must be filed with the Minister of ...