Holidays are fun, but statutory holidays are even more fun because you get paid during these periods. It is also known as public holiday in most provinces and is not included in your yearly leave. By law, employers must compensate their employees during statutory holidays. That is, your employer must pay you on statutory holidays. …
Every province in Canada has standard workday hours. These hours are the stipulated duration every worker is expected to work for. Anything exceeding that hour is considered overtime. And for every overtime hour, your employer is expected to pay you. So how do you know what your overtime pay is and how much you are …
Semi-monthly pay is a popular payroll schedule used by many businesses in Canada. However, not many employees or employers understand how this pay schedule works. As a business entity or organization, you are required to set up a payroll system. This system provides a structure your financial institution will follow when sorting out employees’ payments. …
In Canada, a six-figure salary often ranges from $100,000 CAD to $999,000 CAD annually. And yes, some jobs pay that much. Canada is a country with a wide range of opportunities. Thriving industries with good jobs popping up in every city. The average annual income of Canadians is $55,000, according to Canada stats. Cities like Vancouver …
Since it burst into prominence in 2009, YouTube has established itself as one of the most lucrative avenues to make money on the internet. Creatives and professionals all over the world have made fortunes from churning out content to be viewed by billions of people. Asides from the elite group of professionals like Music artistes, …
You don’t have to think too hard to discover ways to make money from the comfort of your home. That’s what this list is for. We have put in lots of creative things you can do from the home, anywhere in Canada. These work-from-home jobs can provide you with the much-needed income to offset your …
30 Ways to Make Money From Home in Canada [2022] Read More »
Investment means setting money aside or procuring an asset today with the aim that it will generate income for you perpetually or at a future date. Investments are of different types and forms. Some assets can be long-term, medium, or short-term in terms of the time frame of expected benefits. They can also be classified …
An annuity is a lump sum investment in exchange for a steady flow of income you can earn for life. Although employer pension remains the benchmark for retirement income, only a few Canadians ever think of purchasing an annuity. The annuity concept is straightforward. You give an insurance company a significant sum of money in …
The statement of Investment Income, also known as the T5 form, is a slip issued by financial institutions to Canadian residents that receive investment income. If you make payments of investment income to a resident of Canada, you will need to fill out a T5 slip. The following sections of this article will take you …
In our world today, it is not surprising to find people having several income sources to complement their primary source of income. These secondary sources of income could be in Canada or outside Canada. If you are generating income outside Canada, there are taxes you must pay to the CRA and the foreign country. Nonetheless, …
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