Canada Pension Plan

Canada pension plan (CPP) benefits must be deducted from each employees wages (employee contributions). An amount equal to the employees contribution must also be contributed by the employer (employer contributions). The amount to be contributed by both the employer and emplyee is 4.95% of the employee's gross wages. Once an employee's earnings reach ($43,700 for 2007)or they have contributed the maximum contribution amount of ($1,989.90 for 2007) both employer and employee contributions are no longer required for that calendar year.

Employment Insurance

Employment Insurance premiums must be deducted from each employees wages. An amount equal to 1.4 times the employees deduction must also be contributed by the employer. The premium rate used to calculate the amount to deduct from the employee is (1.80% for 2007). EI premiums are no longer deducted once the employee's reaches the maximum annual insurable earnings or the maximum annual employee premium of ($720.00 for 2007).

Worker Compensation (WSIB)

WSIB premium rates are predetermined by the risk factor associate with various business sectors. The average premium rate in Ontario for 2009 is 2.26% of gross payroll. The WSIB maximum insurable earnings ceiling for 2009 is $74,600. The maximum insurable earnings ceiling was based on the April preliminary average weekly earnings aggregate, which was published by Statistics Canada. For a complete list of premium rates visit www.wsib.on.ca

Statutory Holidays

New Year’s Day, Family Day Good Friday, Victoria Day,Canada Day, Labour Day, Thanksgiving Day,Christmas Day, Boxing Day,

Employer Paid Benefits