Deduction Rate; Employment Insurance (EI) Federal: Maximum insurable earnings: $65,700 Maximum employee premium: $1077.48 Maximum employer premium: $1508.47

The Canada Pension Plan (CPP) is a retirement pension that replaces part of your income once you retire. It is funded by contributions made by employees, employers and self-employed people through deductions on earnings.

Paid public holidays, also known as statutory holidays or general holidays, are days throughout the year where most businesses are legislated to close but must still pay eligible employees as though it was a regular workday.

Oct 30, 2023 · Brought to you by HR Now! The Right Advice at the Right Time to help you make the Right Decision As an employer one of your responsibilities is to provide a Record of Employment (ROE) to your employees when employment ends, whether temporarily or …

The Canadian Federation of Independent Business (CFIB) is the country’s champion of small business. With over 100,000 members, we’re Canada’s largest non-profit organization devoted to creating and supporting an environment where your business can succeed.

Canadian Federation of Independent Business, CFIB. In business for your business since 1971.

Toronto, December 2, 2024 – The Canada Post strike, now two weeks in, has cost the small- and medium-sized business sector at least $765 million or $76.6 million each business day. At this rate, if the strike is not immediately resolved, it will have cost the sector over $1 billion as of Wednesday, warns the Canadian Federation of Independent Business (CFIB).

As of December 1, 2022, employees in federally regulated industries are entitled to up to 10 paid days of sick leave per year.

Jan 1, 2025 · On November 21, 2024, the Ontario government announced that the Workplace Safety and Insurance Board (WSIB) will return more surplus funds ($2 billion) to eligible Ontario employers starting in February 2025.. The government also announced a 5-cent reduction in the WSIB’s average premium rate for Ontario businesses ($1.30 to $1.25 per $100 of insurable payroll) starting on January 1, 2025.

Capital Gains Changes: What it means for your business. In its spring budget, the federal government announced four big capital gains changes: A significant bump in the Lifetime Capital Gains Exemption (LCGE) to $1.25 million: The $1 million LCGE for sales of small business shares or assets for fishers and farmers will rise to $1.25 million as of June 25, 2024.