Canadian Benefit Programs: 2020 Updates
On January 1, 2020, contribution limits, contribution rates and benefit maximums changed for certain Canadian benefit programs:
- Employment Insurance (Federal)
- Employment Insurance (Quebec)
- Quebec Parental Insurance Plan
- Canada Pension Plan
- Quebec Pension Plan
- Registered Pension & Savings Plans
- Old Age Security
WCBC has summarized the new amounts for 2020.
With rising costs and changing demographics, employers need to pay close attention to group insurance, retirement benefits and total rewards provided to employees. WCBC offers consulting solutions and a variety of published surveys that can help. Learn how.