Canada

Last Update by Jennifer, 19 Feb 2025

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Exchange Rate

21 Mar 2025

 

Cost of Living

Indicative value for a working adult in a city: Toronto

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (CAD)
McDonalds Set Meal 15.00
Monthly Train and Bus Tickets 156.00
3 Bedrooms Rental (City Center) 4,459
3 Bedrooms Rental (Outskirt) 3,656

Current Inflation Rate

2.9%

Wage

Minimum Wages

  • Minimum wage for Federal is 17.30 CAD per hour
    The minimum wage in Canada varies by province or territory

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (CAD)
Entry-Level
Fresh Graduate
4,700
Mid-Level
5 Years
6,900
Experienced & Managerial Level
10 Years
8,500
Specialized & Senior-Level
15 Years
11,600

Annual Salary Growth

4%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Canada Pension Plan (CPP) 5.95%
The standard contribution rate for CPP is 5.95% (or 11.90% if self-employed) on earnings above $3,500 up to $71,300
5.95%
The standard contribution rate for CPP is 5.95% (or 11.90% if self-employed) on earnings above $3,500 up to $71,300
All staff
Federal Employment Insurance (EI) 1.64% 2.296%
All Staff

State/Province Level

Québec

Type Employer Rates Employee Rates Notes
Québec Pension Plan (QPP)
(Basic and Additional)
Annual salary over 3,500 CAD 5.4% for basic+ 1% additional
Annual salary over 65,500 CAD 4% additional only
Annual salary over 3,500 CAD 5.4% for basic+ 1% additional
Annual salary over 65,500 CAD 4% additional only
All Staff
Québec Parental Insurance Plan (QPIP) 0.692%
Maximum insurable income 947,000 CAD
0.494%
Maximum insurable income 947,000 CAD
Maximum staff premium 464.36 CAD per year
All Staff
Québec Employment Insurance (EI) 1.4 times staff's fixed insurable earnings
Premium capped at 1,167.94 CAD per year
1.32%
Premium capped at 834.32 CAD per year
All Staff

Other Benefit

Other common employment benefits in Canada include:

  • Registered Retirement Savings Plan (RRSP): The lesser of the two following items:
    18% of your earned income in the previous year or the annual RRSP limit (for 2024, the annual limit is 31,560 CAD
  • Traveling Meals and entertainment for business: 100% covered (50% expense deductible)
  • Car Allowance: 600 CAD per month

Income Tax

Residents

  • Tax period: January 1st through December 31st.
    Filing Due Date: 28th of February

Country Level

Taxable Income Rate
0 - 55,867 15%
55,867-111,733 20.5%
111,733 -173,205 26%
173,205 - 246,752 29%
Over 246,752 33%

State/Province Level

Québec

Taxable Income Rate
0 - 51,780 14%
51,780 - 103,545 19%
103,545 - 126,000 24%
Over 126,000

Non-residents

  • Non-residents of Canada are subject to tax in Canada only on income earned in Canada or from Canadian sources.

Working Hours

Statutory

40 Hours
8 hours a day, 5 days a week
Federal overtime rules in Canada set a general threshold of 44 hours per week

Overtime

The overtime requirement can be different in provinces

  • In British Columbia, if employee works more than 8 hours a day, employer needs to give overtime payment:
    - Daily working hours are under 12, overtime rate should be 1.5 times regular payment
    - Daily working hours are over 12 hours; overtime rate should be 2 times regular payment for exceed hours

Employment Contract

Fixed-Term

Used for seasonal jobs, project-based work, or covering for someone on long-term leave

Contract Format

In English, Quebec in French

Payroll Currency

CAD

Probation

None

Contract Period

Can be renewed as many times as required but cannot be longer than 9 years in total

Termination

The termination regulation can vary in different provinces

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation No notice required 2 weeks Should be negotiated between employee and employer
Notice Period - Regular Should be negotiated between employee and employer - Minimum 2 weeks - Staff with 3 years' service: 1 week per completed year of service up to 8 weeks Should be negotiated between employee and employer
Severance Pay Not applicable - The employees who have 12 consecutive months of employment are subject to severance pay - 2 days' pay for each year of service or 5 days' regular pay, whichever is greater - Staff with 3+ years' service: 1 week of notice per year of service up to 8 weeks, or equivalent regular wages in lieu of notice - The employees who have 12 consecutive months of employment are subject to severance pay - 2 days' pay for each year of service or 5 days' regular pay, whichever is greater - Staff with 3+ years' service: 1 week of notice per year of service up to 8 weeks, or equivalent regular wages in lieu of notice

Public Holiday

Country Level

Date Name
01 Jan New Year's Day
01 Jul Canada Day
01 Sep Labor Day
25 Dec Christmas Day

State/Province Level

Alberta

Date Name
17 Feb Family Day
18 Apr Good Friday
19 May Victoria Day
13 Oct Thanksgiving Day
11 Nov Remembrance Day

Leave

Leave Type Entitlement Notes
Annual Vacation Leave 2 weeks per year- 1 year service
3 weeks per year - 5 years' service
4 weeks per year - 10 years' service
All staff with 1-year continuous service
Medical Leave Up to 27 weeks per year Federal staff with 3 months' service
Critical Illness Leave 37 weeks in 52- week period to care for children under 18
17 weeks in a 52- week period to care for adults
Federal staff
Maternity Leave 17 weeks- 13 weeks before birth, 17 weeks after Federal Staff
Standard and Extended Parental Leave 52 weeks- standard
78 weeks - extended leave
Federal Staff
Personal Leave 5 days per calendar year Federal staff with 3 months' service
Compassionate Care Leave 28 weeks within a 52- week cycle Federal staff
Victims of Family Violence Leave Up to 10 days per calendar year Federal staff with 3 months' service
Death or Disappearance of a Child Leave 156 weeks Federal staff
Bereavement Leave Up to 10 working days Federal staff
Leave for Traditional Aboriginal Practices 5 days per calendar year Federal staff
Leave for Members of Reserve Forces 24 months in a 60-month cycle Federal staff after 3 months' service

Reference

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