What are the benefits of working in Canada?
Posted on June 29, 2020
There is no doubt that Canada is a popular destination for individuals seeking an overseas career. There are many reasons that make Canada a top destination. These include:
- The economy is the fourteenth largest and this makes Canada one of the richest nations with a consistently high standard of living.
- The jobless rates are lower than those in other nations.
- Canada is making significant contributions to quantum computing, medical advances, space science and technology.
- Canada is one of the world’s most peaceful nations
The other reasons why Canada is a great place to work include:
- It has a dependable and transparent public finance system that provides greater economic independence.
- The country has strong financial networks and banking systems
- Canada has a comparatively lower rate of unemployment than the U.S., particularly among young people.
- The country provides decent healthcare, paid holidays and paid leave, including maternal leave and parental leave to workers.
The benefits of working in Canada are many. Let us list some important ones:
Canada has a very low unemployment rate compared to other developed countries. It is rapidly advancing in modern technology making it an ideal place for careers in software development or information technology. Fields such as aerospace, engineering, telecommunications, pharmaceuticals offer plenty of job opportunities.
With a valid work permit, your spouse or common-law partner is eligible to work in Canada though they will have to get their own work permit.
- In North America, Canada offers the highest minimum wage which can range from $10.50- $13.00 depending on the province. Companies in Canada offer affordable employee health-care plans. Apart from this, foreign workers here have access to the highly-subsidized healthcare system where everyone is covered including dependents.
- When you are eligible, you can earn compensation if you have lost your job and if you are willing to work but do not get any jobs.
- A person who is pregnant or recently given birth has adopted a child or is caring for a newborn has benefits. New mothers get between 17 and 52 weeks of leave based on their years of employment. Apart from this, one or both parents can get paid leave from the government through Canada’s employment insurance plan.
- If you have a chronically ill family member who is at risk of death, Compassionate Care benefits will support you.
- If one has to be away in order to support such a family member for the work.
- One is eligible for Parents of critically ill children benefits if he has a child who is critically injured or ill.
Employees in Canada are eligible for the following legal benefits:
Employment Insurance (EI) – Both the employee and employer must contribute
Canada Pension Plan (CPP) – Both the employee and employer must contribute
Workplace Insurance coverage– Theemployer will pay for this
Some employers also offer:
- Discounted gym memberships
- Contests with lucrative prizes
- Extended health benefits
- Transportation allowances
- A work vehicle
- Free childcare
- Flexible working hours
- A cell phone and mobile service plan
- Annual holiday parties
- Annual financial bonuses
- RRSP matching
- Health saving plans
- Additional educational opportunities
Pension for employees
The Canada Pension Plan (CPP) is a compulsory and contributory savings plan for all employed Canadians. From January 1 2020, employees and employers contribute 5.25%, (Quebec 5.7%) up to the Years Maximum Pensionable Earnings (C$58,700 in 2020). Employees can have access to the income from CPP from as early as 60 years or can defer it up to the age of 70.
Benefits for dependent children
- Dependent children will have access to free education at the elementary and secondary levels.
- You can open a savings account for your child’s continuing education
- Tax-free monthly support contribution with the expense of raising children under 18 years old
- Child healthcare benefits
- Your children with disabilities get special benefits
- Training opportunities
- Training opportunities include paid educational leave, apprenticeships and professional training, tuition compensation, etc.
Affordable cost of Living
Compared to other developed countries the cost of living in Canada is very affordable. Depending on the area you choose to stay, the housing is affordable. Food, gas, and even automobiles are cheaper than other well-developed nations. The country also has a low crime rate which makes it one of the world’s safest places to live.
Diversity in population
Through the years, many people from all over the world have immigrated to Canada, and as diversity has grown, many companies and organizations have taken this into account and taken measures to ensure that their work culture reflects Canada ‘s diverse population.