EB Caregiver Placement Services Canada
508 White Alder Avenue
Ottawa, ON K1T 0G4
Canada
ph: 613-425-2223
fax: 613-248-4946
elsiegam
Please also see the latest minimum wage information here
Please see Online Payroll Calculator here
Based on 30 HOURS a week
(as of July 2010)
Gross wages $10.25/hour X 30 hours = $307.50
Deductions withheld from Nanny
Federal Income Tax $10.56
Ontario Income Tax $4.03
CPP $11.89
EI $5.32
Room & Board $85.25
Total Deductions From Nanny $117.05
Net Weekly Pay to Nanny $190.45
Additional Employer Contributions:
CPP $11.89
EI $7.45
Employer to REMIT (to CRA) $51.14
Total cost to employer for each week:
Nanny $190.45
Taxes $51.14
WSIB $9.53
Total $251.12 per week
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Based on 35 HOURS a week
(as of July 2010)
Gross wages $10.25/hour X 35 hours = $358.75
Deductions withheld from Nanny
Federal Income Tax $17.74
Ontario Income Tax $8.39
CPP $14.43
EI $6.21
Room & Board $85.25
Total Deductions From Nanny $132.02
Net Weekly Pay to Nanny $226.73
Additional Employer Contributions:
CPP $14.43
EI $8.69
Employer to REMIT (to CRA) $69.89
Total cost to employer for each week:
Nanny $226.73
Taxes $69.89
WSIB $11.12
Total $307.74 per week
Based on 40 HOURS a week
(as of July 2010)
Gross wages $10.25/hour X 40 hours = $410.00
Deductions withheld from Nanny
Federal Income Tax $24.91
Ontario Income Tax $12.33
CPP $16.96
EI $7.09
Room & Board $85.25
Total Deductions From Nanny $146.54
Net Weekly Pay to Nanny $263.46
Additional Employer Contributions:
CPP $16.96
EI $9.93
Employer to REMIT (to CRA) $88.18
Total cost to employer for each week:
Nanny $263.46
Taxes $88.18
WSIB $12.71
Total $364.35 per week
Please note: The Room & Board is subtracted from the NET Salary after calculating the amounts.
There is a lot of misleading and false information posted on the web concerning this point. I urge you to call CRA (Canada Revenue Agency ) for yourself to clarify this rule. We contacted a senior officer at 1-800-959-5525 and we were assured that the information posted on this site is accurate.
Remember that you must pay the nanny's income tax, CPP and EI; employers are also required to pay CPP (1X) and EI (1.4X) on the employee BUT this does not come off the nanny's salary, rather it is over and above it
As an employer you are required to give the employee two T4 slips by the end of February each year (Revenue Canada sends the appropriate forms and the appropriate times). A Record of Employment is also required for the Nanny upon request.
WSIB stands for: (Workplace Safety and Insurance Board)
EB Caregiver Placement Services Canada
508 White Alder Avenue
Ottawa, ON K1T 0G4
Canada
ph: 613-425-2223
fax: 613-248-4946
elsiegam