Rivermate is a global employment solutions company that provides Employer of Record services in Canada.As an employer of record, we help you hire employees and run payroll services in Canada, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Canada.It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.If you wish to hire a remote team in Canada or individually hire remote employees in Canada, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.Send us a message so we can talk about how Rivermate’s Employer of Record Canada services can best help your company!
Canada, sometimes known as the Great White North, is an incredible destination in North America. This location has it everything, from ice-cold places to valleys and rivers. Canada is rich in biodiversity, and its culture and customs are diverse. Every layer is distinct, much like the renowned Canadian Poutine, yet the heterogeneous composition gives it a really delicious flavour in every mouthful.According to the study "COVID-19 in Canada: A self-assessment and evaluation of readiness and reaction" published in the Journal of Global Health, the spread of the coronavirus upended the country's stability. Despite the fact that the nation took appropriate precautions and precautions, the economic support system faltered. The trade and industrial sectors experienced a slowdown, which was reflected in the Gross Domestic Product (GDP).At the moment, government laws and regulations are assisting in the battle against this catastrophe. Aside from stringent preventative measures, financial assistance is also offered. Canada is gradually recovering from the pandemic's impact.
The cost of living in a location, like any other, fluctuates owing to individual characteristics. It is also determined by the number of family members and their purchasing ability. The location of the region of living, such as the city center, urban, and rural regions, also contributes to cost variances.1. The average rental rate in Canada is between USD 1300 and USD 1800. 2. The average food expenditure in Canada is between USD 800 and USD 3000. 3. The average transportation cost in Canada is between USD 75 and USD 200. 4. The average cost of utilities, health, and entertainment in Canada is between USD 130 and USD 200.
The average monthly housing costs in Canada are1. $712 for a bachelor's apartment. 2. $932 for a 2-bedroom apartment. 3. $1,146 for a 3-bedroom apartment.
The top industries where employers will want to hire remote employees from Canada are:1. Commercial Banking 2. Gasoline and Petroleum 3. Oil Drilling and Gas Extraction 4. Car Dealing 5. Grocery Retail6. Life Insurance and Annuities7. Healthcare8. Petroleum Refining 9. IT Consulting
According to a Society for Human Resource Management research, it costs companies an average of $4,129 and takes 42 days to fill a vacant post (SHRM). The cost of hiring workers in Canada rises in direct proportion to the length of the search, job position, and compensation range.
Employment standards law protects all workers in Canada, whether they are controlled by the provinces or the federal government. This act outlines workers' rights in terms of salary payment, overtime compensation, leaves of absence, public holidays, vacation, termination of employment, and temporary layoffs.
The top three skill groups employers in Canada are looking for in a separate study of online job vacancies were business management, leadership and oral communication – all social and emotional skills
According to an article published on the OECD website, Canada's GDP will increase by 6% in 2021. This expansion is predicted to continue by roughly 3.8% in 2022. During the epidemic, the GDP dropped by 38% in 2020. However, according to current statistics, GDP rates are progressively growing in 2021. It all demonstrates the global effect of the epidemic. It had an immediate impact on all nations' exports and imports.However, the need for professional employees and certified individuals is expanding on a daily basis. The global economic sector is projected to recover fast after the epidemic. The pace of consumption is growing on a daily basis, and the export industry will soon return to its prior position. According to an article published on the BDC* website, the re-bounce is greatly reliant on the pandemic's next waves.
The pandemic has presented issues for Canada. During this period, commerce and services have been less active. Because the United States is Canada's primary export and import partner, GDP rates fell in the fourth quarter of 2020, as they did in the previous quarter.GDP rates increased reasonably in the first quarter. The economy is predicted to recover to pre-crisis levels by the second fiscal quarter Q2. Conditions will improve if the export springs become available on a global scale.The Canadian dollar serves as the foundation of the economy. The market alternatives in Canada are indescribable in words. Canada is prepared to receive international capital investment. The service industry employs the majority of Canadians, with the energy sector coming in second. In Canada, the average pay is about $4250.The primary revenue-generating industries in Canada are as follows:1. Service sector2. Industries and manufacturing3. Energy sector4. Banking5. Health and Insurance
The current minimum wages across the provinces in Canada are as follows:Alberta has a minimum hourly wage of USD 15. British Columbia has a minimum hourly wage of USD 15.20. Manitoba has a minimum hourly wage of USD 11.90. New Brunswick has a minimum hourly wage of USD 11.75. Newfoundland and Labrador has a minimum hourly wage of USD 12.50. Northwest Territories has a minimum hourly wage of USD 13.46. Nova Scotia has a minimum hourly wage of USD 12.95.Nunavut has a minimum hourly wage of USD 16.00. Ontario has a minimum hourly wage of USD 14.25. Prince Edward Island has a minimum hourly wage of USD 13.00. Quebec has a minimum hourly wage of USD 13.50. Saskatchewan has a minimum hourly wage of USD 11.45. Yukon has a minimum hourly wage of USD 13.85.
