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In 2020, the minimum wage was increased by $1.00 in lieu of indexation. There were early increases of $0.25 on October 1, 2022 and $0.50 on October 1, 2023. Each October 1 (resumed in 2020), based on Ontario CPI for the previous calendar year. [21] There was an additional increase of $0.65 on January 1, 2022.
Canadian Payroll Association. The National Payroll Institute is a professional association representing payroll workers in Canada. The Institute was formed in 1978 as the Canadian Payroll Association, and rebranded in 2022. The Institute offers two certification programs for payroll administrators and managers, and advocates for the profession ...
Employment Standards Act. The Employment Standards Act, 2000[1] (the Act) is an Act of the Legislative Assembly of Ontario. The Act regulates employment in the province of Ontario, including wages, maximum work hours, overtime, vacation, and leaves of absence. It differs from the Ontario Labour Relations Act, which regulates unionized labour in ...
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Tax withholding, also known as tax retention, pay-as-you-earn tax or tax deduction at source, is income tax paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. In most jurisdictions, tax withholding applies to employment income.
NHL salary cap. The NHL salary cap is the total amount of money that each National Hockey League (NHL) team is allowed to pay its players collectively. It is a "hard" salary cap, meaning there are no exemptions (and thus no luxury tax penalties are required). The current cap system was introduced in the 2005–06 season.
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