Canada Highlights:
- An EoR (Employer of Record) package is the most efficient and effective way to deploy local employees in Canada.
- 1WB acts as an EoR ensuring full compliance with country’s regulations.
- The whole deployment process takes about 1 week.
- Handling payroll processing, immigration and taxes compliantly, swiftly and cost efficient.
- Income tax (federal) is deducted at source, taking into account the following band rates:
| Taxable income from (CAD) | Taxable income to (CAD) | Rate % |
|---|---|---|
| 0 | 48,535 | 15 |
| 48,536 | 97,069 | 20.5 |
| 97,070 | 150,473 | 26 |
| 150,474 | 214,368 | 29 |
| 214,369 | and above | 33 |
- Corporation tax rate is 15% (federal), 8%-16% (provincial and territorial).
- Social Security Contributions Both the employer and the employee are required to make employment insurance and government pension plan contributions based on the employee’s earnings.
- Work permit - 1WB can sponsor work permits for foreign employees and the processing time is about 4 weeks.