Canada (Ontario)

Currency Canadian Dollar
Payroll Frequency bi- weekly/bi-monthly/monthly
Capital Toronto
Date Format yyyy-mm-dd
VAT 13% standard rate

Employer of record Services
TopSource offers complete payroll, EOR and contractor management services for Canada. TopSource provides Employer of Record services to global companies establishing a presence in Canada that do not wish to be burdened with the complications of Canada employment regulations.
TopSource serves as an outsourced Global Employment Solutions provider. We provide comprehensive employment services such as payroll, payroll related compliances, leave and attendance administration, HR management, and assistance with employer compliances.
If you have an established presence in Canada, our payroll bureau services are available. But if you are seeking to avoid the complications of a subsidiary—or wish to establish a presence quickly an convert to a subsidiary later—our EOR service is ready to support you today.

Services we offer

Payroll Processing
• Payroll bureau solutions for your Canadian entity
EOR
• Employment solutions/leasing • Providing documents associated with employment
• Employee on-boarding process and documentation • Monthly salary calculation
• Salary disbursement to employee’s account • Pay slip generation (If applicable)
• Employee statutory benefits administration and deduction
Supplementary services
• Foreign exchange and money transfer services for payment of employees and 3rd parties

Company formation in Canada
We can help with company registration, company incorporation along with all the necessary documentation in Canada. We can also assist foreign companies to smoothly setup a company anywhere in Canada.

Statutory Compliances
We offer high-quality corporate statutory compliance services in Canada. Our services meet highest standards and meet all your compliance requirements.

  • Minimum Wage

    $14.00 CAD hourly

  • Taxes
    Employer
    Employment Insurance 1.6%
    Pension Fund 5.1%
    Employee
    1.62% – Employment Insurance 5.1% – Pension Fund
    5.15% – up to $43,906 9.15% – 43,906 – 87,813
    11.16% – 87,813 – 150,000 12.16% – 150,000 – 220,000
    13.16% – 220,000 and up 15% – up to $47,630
    20.5% – $47,630 up-to $95,259 26% – $95,259 up-to $147,667
    29% – $147,667 up-to $210,371 33% – $210,371
About Employment in Canada

Working Hours

Full time work is considered 48 hours weekly and 8 hours daily. A maximum of 60 hours of overtime per week is allowed.
Overtime is allowed up to 60 hours weekly which must be agreed to in writing in advance. Employers are required to provide at least 11 consecutive hours of rest and 24 consecutive non-working hours weekly. Overtime pay is paid for every hour after 44 hours weekly at a rate of at least 1.5 times regular wage rate.

Vacation Days /Sick days

Every 12 months an employee is entitled to two weeks’ vacation this increases to 3 weeks per 12 months after 5 years working at one company. Vacation pay has to be at least 4% of the gross wages earned during the 12 months in which the vacation days were accumulated.
Employees are entitled to 3 unpaid sick days per year.

Maternity Leave

Expecting mothers are entitled to 17 weeks unpaid leave, after this period mothers can choose to take “parental leave” consecutively following, or wait up to 78 weeks to take.

Paternity Leave

New parents are all entitled to leave after the birth of their child. Birth mothers receive 61 weeks to be taken after maternity leave as finished. All others receive 63 weeks leave.

Pension Fund

The Canada Pension Plan (CPP) is 10.2% split equally between employee and your employer. It is a 9.9% for the base, or original CPP, and 0.3% for the CPP enhancement which began to be phased in on January 1, 2019.

Termination/Severance

If an employee has been employed for less than three months then a termination notice is not required. After three months the notice period depends on length of employment:
• 3 months – 1 year = 1-week notice • 1 – 3 years = 2 weeks’ notice
• 3 – 4 years = 3 weeks’ notice     • 4 – 5 years = 4 weeks’ notice
• 5 – 6 years = 5 weeks’ notice     • 6 – 7 years = 6 weeks’ notice
• 7 – 8 years = 7 weeks’ notice   • 8 or more years = 8 weeks’ notice
Severance pay calculated by multiplying the number of completed years at the company by the employees’ average weekly wage. The maximum severance pay is 26 weeks. Termination pay applies when a worker does not receive adequate notice of their termination, they are to receive pay in lieu.
To learn more, contact us now.

Contact Sales

0203 6915303
contactus@topsource.co.uk

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