You’re paid more than you think - MoneySense

You’re paid more than you think

Concerned your salary isn’t high enough? You may reconsider once you find out how much your benefits are worth.


If you are an employee at a major Canadian firm, your employer spends an additional 10% to 30% of your salary on your benefits. This includes health and dental coverage, pension plans and legally-required payments, such as CPP/QPP, EI premiums and workers’ compensation. In this example, a worker with a $75,000 annual salary receives around 18%—or $13,425—in benefits.