What Benefits Are Offered To Employees In Canada?

Employers provide benefits to employees as an addition to their regular pay and earnings. Employee benefits come in various forms and are an integral part of the overall pay package of the employees. Most employers offer health insurance for their employees. In fact most employment offers include a claim “we make it easy to get insured“. But do you know what other benefits you are eligible for?

Which Benefits Are Available, And Which Ones Are Your Eligible For?

Once you secure a job in Canada, you may be surprised to learn that many companies offer additional benefits to employees. At the same time, some employers will only provide the minimum benefit such as vacation days and worker’s compensation, and others will offer additional benefits such as travel benefits, health benefits, matching retirement savings, mobile phone plans, etc.

Top Employee Benefits In Canada

Here are some top employee benefits one can enjoy in Canada.

Insurance And Healthcare Coverage

Both citizens and landed immigrants have access to substantial health care coverage, unemployment coverage, and retirement pensions. All of these are generally covered by public money and payroll taxes. while basic healthcare is covered by provincial insurance, the program however does not include coverage for prescription medications

Employment Insurance (EI) covers employees who lose their jobs due to no fault of their own. It provides income replacement benefits. EI is not generally available to employees who have been terminated for a certain cause. A claimant’s weekly benefit amount equals 55% of their average weekly wages from the previous calendar year. The maximum weekly benefit amount is $573.00.

Needed Leave

Annual Leave And Holidays

Based on their job, employees are entitled to up to 10 paid statutory vacations per year. All provinces offer at least two weeks of vacation per year to employees. This benefit can increase depending on how long the employee has been working with the company. Employees who must work on holidays have the right to premium pay, which is usually time and one-half plus holiday pay.

Paternity And Maternity Leaves
The employment standards laws in each province address parental and maternity leave. Employment Insurance is available to pregnant employees, new mothers, adoptive parents, and those caring for babies. Employers often offer “top-up” benefits during their leaves, recognizing that EI benefits offer only a small portion of an employee’s normal earnings.

Leave For People With Disabilities And Sickness.
Many authorities also offer a variety of leave options depending on the individual’s health or disability. Employers generally do not have to pay employees for such leaves. However, specialized employee insurance coverage is there for workers who cannot work due to illness or because of the need to take care of an immediate family member. Employers are generally not required to compensate employees for time off due to such reasons.

Benefits For Employees That Aren’t Included In The Base Salary

Although the above benefits are legally required, employers may offer additional benefits to employees. They can attract the best people and retain their team members for a longer time. You can know more here about how additional employee perks can help your business grow.

Some employers may offer these benefits:

  • Reduced rates on gym memberships
  • Long-lasting health benefits
  • Transportation benefits
  • An office vehicle
  • Flexible working hours
  • Free childcare
  • Mobile service plan and a mobile phone
  • Financial incentives and bonuses
  • Annual parties

All You Need To Know About Income Tax And Rebate

As an earning citizen of the country, you are expected off certain duties towards the government. Paying the liable income tax is one of them. India has a progressive income tax reform where the liable income tax will increase along with an increase in your annual income. Growth in career will invariably lead to paying more income tax. The government has tax rebates for people whose net taxable income is below a certain threshold level. A rebate calculator will help you understand your status as an income taxpayer and the full list here will help you to find if you need to pay taxes for different sources of income.

The Income Tax Act of 1961 ensures that the rules and regulations are the same for all. The act has seen several amendments to keep up with the changing times. This act governs the income tax of the country and ensures that all liable taxpayers adhere to it. In 2013, Section 87A was introduced to benefit taxpayers. The section 87A has provisions that allowed taxpayers to avail tax rebates if their net income was below a certain amount called a threshold limit. In February 2019, the interim budget announced a tax rebate under section 87A. The government proposed that people who had income up to INR 500,000 need not pay income taxes with the help of tax rebates. To allow this provision section 87A was added to the Income Tax Act.

The current laws ensure that you get a tax rebate of 2,500 if your annual taxable income is lower than INR 500,000. The amendment has ensured that the income tax rebate is increased to 12,500. You cannot avail rebates if your taxable income is above the threshold limit. The rebate is allowed only for individual taxpayers. Rebates cannot be availed by a company, firm or HUF. Tax rebates can be availed by both men and women. If your liable tax is INR 12,500 you can avail the rebate. Section 87A for the income tax rebate has evolved over the years since its inception. Even if you are not liable to pay taxes, you are not exempted from filing tax returns. To avail tax rebates, you need to file your income tax so you can get a refund of the taxes already paid.

If you are a salaried employee with an annual income more than 500,000 INR. Your employer will deduct taxes on a monthly basis before crediting the salary. When you file your income tax with all the deductions, your net taxable income will be less than INR 500,000 and you do not have to pay taxes. Under the revision of Section 87A, the government will have to refund all the taxes collected from you. The revision is a welcome addition for all taxpayers. People whose income is less than 500,000 INR will benefit the most. It helps them with more cash flow and empowers them to avail better loans and credit scores.

What are the benefits of hiring a professional landscaping contractor?

professional landscaping contractor

Apart from owning the home, it is important to maintain the exteriors and interiors to safeguard the investment. Landscaping and yard work comes under the exterior maintenance. Beautiful the home’s landscape plays a great part in decreasing or increasing the home’s value and the neighborhood you live in. CF Landscaping is a successful and experienced landscaping company that offers various landscaping services as per your requirements. Before approaching the top contractor, let us review the main benefits of landscaping in this blog.

Benefits of hiring a landscaping contractor
Professional landscapers are aware of what they are performing: Most people have an opinion that landscaping means just removing the weeds and digging the dirt. But in reality, it is a task more than that. The professionals know the knacks and tactics of yard maintenance. They are also aware of things that non-landscapers do not know like soil pH, soil quality, and several other factors. They know which plant is best for which soil. They suggest plantings as per the local climate. By hiring a landscaping contractor, you will get a comprehensive idea of your yard’s requirements and maintain it great all through the year.

They are creative: There are several creative aspects involved in landscaping. It is necessary to combine the skill of landscaping and science to develop a beautiful and ideal living space. It is easily possible by hiring a landscaping expert. The expert will determine the colors that look good for your exteriors and implement them accordingly. In simple words, they will make your home just like the one you saw in a newspaper or magazine or idea you always dreamed up.

Landscaping contractors save your time: After completing your full-time job, it is totally hard to spend time working in the yard. Do you want to spend your whole weekend redoing your flower bed? Most people would not prefer to do this. It is the reason why professional landscaping contractors remain an excellent option. When you give your landscaping job to them, you can spend your time relaxing with family and friends or by practicing your hobby.

They help in saving money: As they are experts in landscaping, they avoid landscape mishaps easily. If you are doing the task on own, you may end up spending more to correct the mishaps. The professionals know the features that are required to permit your plants and yard to flourish. They obtain and use the right products and that helps in saving your money.

They offer a comprehensive service: Professional landscapers offer various services such as French drain installation, tree trimming, sodding installation, snow removal, leaf cleanup, lawn care, and insect and weed control. The professionals would conceptualize and develop a complete plan from the beginning. If your yard is dark, they would set up landscape lighting and make it a safer place. When you work a pro, you can see enormous results more than your expectations. It is always recommended to hire an experienced and talented landscaping contractor for the best outputs.