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.

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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.