What to Pay?
Determining how to pay employees and what to pay them can be a difficult decision for employers. In addition, there are many laws which govern how employees should be paid.
Resources
- Ontario Ministry of Labour – Minimum Wage
- Canada Revenue Agency – Hiring an employee
- Government of Canada – Information for Employers
- Canada Business Network – Employees
- Ontario – Ministry of Labour – Hours of Work (Eating Periods)
Public Holiday Pay
In Ontario, the Employment Standards Act provides for nine public holidays for which almost every type of employee is qualified regardless of how long they’ve been working.
- New Year’s Day
- Family Day
- Good Friday
- Victoria Day
- Canada Day
- Labour Day
- Thanksgiving Day
- Christmas Day
- Boxing Day
Resources
- Ontario – Ministry of Labour – Public Holidays
- Ontario – Ministry of Labour – Tool Disclaimer – Employment Standards
- Ontario Ministry of Labour – Public Holiday Pay
Payroll
This is how employees are paid, manually or through a system. The Payroll department or person is responsible for ensuring the direction they receive is translated into appropriate payment to the employees, within legal guidelines.
Resources
- Canada Revenue Agency – Video – Series: Payroll Information for a New Small Business
- Canada Revenue Agency – How payroll works
- Canada Revenue Agency – Employer responsibilities – The payroll steps
- Canada Revenue Agency – Payroll
- Canada Revenue Agency – T2200 Declaration of Conditions of Employment
- Government of Canada – Hire and manage employees
Payroll Deductions
Resources
- Canada Revenue Agency – Payroll Deductions Tables – CPP, EI, and income tax deductions – Ontario – Effective January 1, 2015
- Canada Revenue Agency – Payroll Deductions Online Calculator – Disclaimer
- Canada Revenue Agency – T4 Statement of Remuneration Paid (slip)
- Canada Revenue Agency – T4SUM Summary of Remuneration Paid
Perquisites
Perquisites are often referred to as ‘perqs’ or ‘perks’. This can be everything from a cell phone or company car to health club or golf memberships to tickets to a baseball game. Often a perk is a taxable benefit under the CRA.
Resources
- The Balance – Taxable Benefit
- Canada Revenue Agency – T2200 Declaration of Conditions of Employment
- Canada Revenue Agency – Employee and Shareholder Benefits (GST 400-3-2)
What are benefits and how they work
Employee benefits often refer to the health benefits that an organization provides for their employees although it may include various types of insurance, pension and even wellness programs.
Resources
How to choose a benefit provider
Choosing a good benefit provider can ensure that the organization saves money and gets excellent customer service. Each organization will differ in the primary reason for choosing the right provider for their organization. Often companies will use a benefit broker to assist in their search and determination of what provider to use.
Resources
- HRWorld.com – Benefit Administration – Keep In-house or Outsource?
- SHMR.org – Finding the Right Benefits Broker (US based)
Canada Revenue Agency
Resources
Tax forms
Resources
- Canada Revenue Agency – Filing Form TD1, Personal Tax Credits Return
- Canada Revenue Agency – TD1 2018 Personal Tax Credits Return – Canada
Employment Insurance (EI)
Resources
Wages:
Resources
- Ontario Ministry of Labour – Minimum Wage
- Ontario Ministry of Finance – 2017 Ontario Economic Outlook and Fiscal Review
- Ontario Ministry of Training, Colleges and Universities – Labour Market Information
- Ontario Ministry of Labour – Employment Standards Tools
- Statistics Canada – Household income in Canada: Key results from the 2016 Census
General Information
Resources
2023/2024 LLMP Reports
The LLMP Reports can be used as a standalone report on the local labour market in the 1000 Islands Region. It is a compilation of facts and figures together with community input. It outlines labour market trends and potential challenges in workforce development. It also provides action plans that outlines activities and projects that community partners are undertaking to address some of the labour market challenges.
