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Basic Economic Summary


  • Local Languages: English, French
  • Capital: Ottawa
  • Currency: Canadian Dollar (CAD)
  • Population (2019): 37.59 million
  • Date Format: yyyy/mm/dd

Useful Information

  • GDP Per Capita (in USD): 1.736 trillion USD
  • Exchange Rate (CAD/USD): 0.83
  • PISA Ranking (2018): 8th 
  • Number of University Graduates (2018): 317,913

Local Universities

Top Local Universities

University No. of graduates Rankings
University of Toronto 93,081 Ranking in Canada: 1, World Ranking: 6
McGill University 39,736 Ranking in Canada: 17, World Ranking: 267
University of British Columbia 66,512 Ranking in Canada: 13, World Ranking: 178
University of Alberta 40,601 Ranking in Canada: 18, World Ranking: 296
University of Montreal 67,632 Ranking in Canada: 6, World Ranking: 106

Salary Data

Average Salary of Jobs (Per Month)

Job Title Salary Range (in CAD) Salary Range (in USD)
Specialist Physician 117,000 - 310,286.25 212,434.50 - 256,740.15
Dentist 53,805 - 213,671 44,519.87 - 176,797.80
Family Physician 58,015 - 310,054 48,003.35 - 256,547.98
Lawyers 48,630 - 146,431 40,237.92 - 121,161.40
Federal Judges 308,600 - 396,700 255344.90 - 328241.48
Senior Managers for Goods Production, Utilities, Transportation, and Construction 75,159 - 141,569 62,188.81 –117,138.44
Senior Managers in Finance and Communication 77,805 - 129,629 64,378.19 – 107,258.92

More information about average salaries in Canada can be found on Workopolis.

Talent Sourcing Tips


Employer Payroll Tax

Employers need to contribute 7.46% of the wages to social security.

Employee Payroll Tax

Employees need to contribute 6.83% of the wages to social security.

Employee Income Tax

Income Group (in CAD) Taxes
0 - 49,020 15%
49,020.01 - 98,040 20.5%
98.040.01 - 151,978 26%
151,978.01 - 216,511 29%
216,511.01 - above 33%

The employee payroll and income tax can be found here.

Minimum Wage & Payroll

Minimum Wage

The minimum wage in Canada is CAD 14.25 per hour

Payroll Cycle

The payroll cycle followed in Canada is bi-weekly, bi-monthly or monthly. The pay dates are decided between employer and employee. 


13th month salary
The 13th month salary is not mandatory in Canada.

Working Hours & Statutory Leave

Working hours

The usual working hours in Canada for an employee is between 08:00 to 08:30 to 17:00 with a short lunch break of 30 minutes. It's about eight hours in a day or 40 hours in a week. 

Overtime pay

The overtime pay is one and a half times the employee’s regular rate of pay. For more information on the overtime pay by province, take a look at this guide.

Public Holidays

There are a total of 12 public holidays in Canada. A list of the public holidays in Canada can be found here.


Annual Paid Leave

An employee is entitled to receive a minimum of two weeks of vacation for every year of employment.

Sick Leave

According to Canada Labor Code, you are allowed 5 days of sick leave and 3 paid days after 3 months of continuous employment. For province wise sick leave rules, view the page here.

Parental Leave

  • Maternity Leave

A woman is entitled to up to 17 weeks of maternity leave. This leave can begin any time during the period that begins 13 week before the expected date of birth and ends 17 weeks after the actual date of birth.

  • Paternity Leave 

Paternity Leave of about 5 weeks is given to fathers to take time off work to take care of their newborns. 

Bereavement Leave

As an employee, you are entitled to 5 days of bereavement leave in case of the death of an immediate family member. You can take this leave for over more than one period, starting from the date the death occurs to 6 weeks after the date of the :- 

  • funeral
  • the burial, or
  • the memorial service of the immediate family member

Offboarding & Termination

Termination Process

An employer must provide an employee with at least two weeks written notice of their intention to terminate the employment of an employee. Thereafter, the employer must pay the employee two weeks wages at a regular rate. 

However, federally regulated employees do not have to give their employer notice if they choose to quit. 

Notice Period

Employees with a continuous employment of at least one month but less than two years are entitled to at least one week's notice from their employer. Employee’s with two years continuous employment or more are entitled to one week’s notice for each complete year, up to a maximum of 12 weeks’ notice.

Severance Pay

An employee has the right to collect severance pay if they have completed at least 12 consecutive months of continuous employment before their layoff or dismissal resulted in a termination of employment.

They are entitled to 2 days regular wages for each full year

Probation period

The probation period recognised by law typically consists of the first three months of the worker’s employment with a new employer.



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