3 ms·
CPP (Canadian Pension Plan) and EI (employment insurance) take around %12 of the first $50'000 annually (CPP maxes out after that) so it is pretty significant i
by elai 17y ago
CPP (Canadian Pension Plan) and EI (employment insurance) take around %12 of the first $50'000 annually (CPP maxes out after that) so it is pretty significant if you hire mostly median waged people.
- cperciva 17y agoIIRC self-employed people need to pay the employer part of those, so it's just a matter of changing who pays, not the total taxes.