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Ontario Day to Day
Workbook 2010
35
Employers must pay their employees on a regular, recurring payday. Employers typically pay their workers weekly,
every two weeks, or semi-monthly. You may be paid by direct deposit to your bank account, by cheque or sometimes
in cash.
Employees must be given a statement showing their wages and deductions for each period. Deductions from your pay
may include federal and provincial taxes, Canada Pension Plan contributions, Employment Insurance contributions,
benefit plan contributions and union dues.
Canadian law requires that you file a tax return each year, and report all income, including cash income and income
from overseas. Tax returns are filed in late winter or early spring, and are due April 30th. Most employees receive a
refund from the Government after filing a tax return.
For more information about payroll deductions and taxes, visit these websites:
Ministry of Labour:
www.labour.gov.on.ca
Canada Revenue Agency:
www.cra-arc.gc.ca
YOUR PAYCHEQUE
Small and medium-sized enterprises (SMEs) are a vital part of Ontario’s economy. About 99% of all businesses in
Ontario are considered small- and medium-sized. They employ nearly 2.9 million people and account for $250 billion
in annual economic activity. There are many government sponsored programs and services designed to support
entrepreneurs.
Small Business Enterprise Centres, located across Ontario, provide information, advice and support for start-up and
small enterprises during their initial years of operation. Entrepreneurs can access business consulting services and
information about management, marketing, technology and financing.
For more information or to find your local Small Business Enterprise Centre, call toll-free 1-800-567-2345 or visit
http://www.ontariocanada.com/ontcan/1medt/smallbiz/en/sb_sbec_locations_info_en.jsp
Canada Business Service Centres, located in every province and territory, provide assistance and access to business-
related publications, directories and electronic databases. Canada Business provides information about starting a
business, financing, taxes, licenses and permits, exporting, importing, e-business, business management and other
topics.
For more information call toll-free 1-888-576-4444 or visit
www.canadabusiness.ca
STARTING A BUSINESS
Measure Your Entrepreneurial Potential!
1. Go to this website:
www.bdc.ca/en/business_tools
2. Click on “Entrepreneurial self-assessment”
3. Click “Continue” to complete this free online assessment
4. Reflect on the results and discuss them with others
• Do you agree or disagree with the results?
• What other information do you need to decide if self-employment is for you?
EXERCISE