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Dominion of Canada
Ottawa
37.59 million
Canadian Dollar
.ca
+1
Canadian Dollar
There are 4 Federal public holidays that are celebrated nationwide for which employees are given paid days off, and the remainder are Provincial public holidays:
Taxable Income |
Tax on lower amount (CAD) |
Rate on excess (%) |
|
Exceeding (CAD) |
Not Exceeding (CAD) |
||
0 |
47,630 |
0 |
15 |
47,631 |
95,259 |
7,145 |
20.5 |
95,260 |
147,667 |
16,908 |
26 |
147,668 |
210,371 |
30,535 |
29 |
210,372 |
- |
48,719 |
33 |
Deductible Expenses |
|
Employment Deductions |
|
Interest Expenses |
|
Business Deductions |
|
Personal Deductions |
|
Type of Visa/Permit |
Documentation |
Validity |
Eligibility |
Professionals |
|
|
|
Intra-company transferees |
|
|
|
Temporary Work Permit |
|
|
|
VAT / GST / HST / QST / PST |
|
GST: - |
|
Standard Rate |
5% |
Reduced Rate |
0% |
HST: - |
|
Standard Rate |
13% and 15% |
Reduced Rate |
0% |
QST: - |
|
Standard Rate |
9.975% |
Reduced Rate |
0% |
PST: - |
|
Standard Rate |
6% to 8% |
WHT |
|
Dividends |
25% |
Interest |
25% |
Royalties |
25% |
Technical Service Fees |
25% |
Branch Remittance Tax |
25% |
Statutory Benefits |
Probationary Period |
Annual Leave |
Public Holidays |
Sick Leave |
Maternity Leave |
Paternity Leave |
Notice Period |
Severance Pay |
Overtime Pay |
Social Security Benefits |
Christmas Bonus% | 0% |
Christmas Bonus Over Vacations % | 0% |
Severance per Year % | Employees are entitled to severance pay that equals 2 days of pay for each completed year of servcie and is capped at 5 days of pay (1.37% of annual salary) |
Vacations % | The national minimum entitlement in Canada is two weeks for every 'year of employment' (2.74% of annual salary) |
Notice % | Employees are entitled to 2 weeks of notice after one year of service (2.74% of annual salary) |
Christmas Bonus Over Notifications% | 0% |
Vacations Plus% | 0% |
Total percentage of Salary (yearly) | The total employment accruals as a percentage of salary per anum are equal to 6.85% |
Employer Health tax |
1.95% |
CPP |
5.25% |
Employment Insurance |
2.21% |
Maternity Leave |
50 weeks |
Vacation |
8.22% |
Severance per year of service |
0.55% |
Description |
For 2020, Canadian-resident employees are required to pay government pension plan contributions of up to CAD 2,898.00 and |
Employment Accruals | ||
Annual Leave | The national minimum entitlement in Canada is two weeks for every 'year of employment'. | This equals 3.84% (2/52 weeks) of annual income |
Maternity Leave | Every female employee in Canada who has completed six consecutive months of continuous employment and provides her employer with a certificate from a qualified medical practitioner certifying that she is pregnant, is entitled to maternity leave of up to 17 weeks. | This equals 32.6% (17/52 weeks) of annual income |
Paternity Leave | Basic paternity leave can be taken for up to five weeks at 70% of weekly earnings. Special leave is up to three weeks at 75% of weekly earnings. | This equals 70% of 9.6% (5/52 weeks) of annual income |
Overtime | Although hours of work and overtime rules vary significantly across Canada, most jurisdictions have established an overtime rate equivalent to 1 and ½ times an employee’s regular rate of pay. | Normal hourly rate is around 14.25 CAD. Overtime is paid at an additional 7.125 CAD. |
Severance | Employees with 12 months of continuous service receive the greater of two days’ wages at their regular wage rate for each completed year of employment or five days’ wages at their regular wage rate. | This equals 1.36% (5/365 days) of annual income |
Social Security | Employers must make the following social security contributions: - Canada Pension Plan 5.1%; Employment Insurance 1.62%. | This equals 6.72% of annual income |