Employee Benefits in Canada 2025

Employee Benefits in Canada 2025

Summary

The report provides in-depth industry analysis, information, and insights of the employee benefits in Canada, including an overview of the state and compulsory benefits in Canada, detailed information about the private benefits in Canada, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Canada.

The Canadian social security system covers various programs, many of which are run by the country’s provinces and territories. In general, benefits are similar across all provinces and territories; however, Quebec implements its pension plan. The government provides financial support to provincial and territorial governments through four main transfer programs – the Canada Health Transfer (CHT), the Canada Social Transfer (CST), and Equalization and Territorial Formula Financing (TFF)–to help them provide social programs and services to citizens. Private employee benefits are gaining popularity, and many companies offer private benefit plans for employees to supplement the government-sponsored hospital and medical plans.

Key Highlights

  • The Employment and Social Development Canada (ESDC) is responsible for the functioning of the overall social security system in Canada.
  • A person’s national insurance contribution is determined based on their income.
  • An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.
  • In Canada, Pillar III consists of voluntary employment pension plans and individual retirement savings. The employment pension plans are provided as both DB and DC schemes in the country.
Scope

This report provides a detailed analysis of employee benefits in Canada
  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits, Short-Term Sickness Benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, leaves and holidays and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Canada
Reasons to Buy
  • Make strategic decisions using in-depth information related to employee benefits in the country
  • Assess employee benefits of the market, including state and compulsory benefits and private benefits
  • Gain insights into the key employee benefit schemes offered by private employers in the country
  • Gain insights into key organizations governing employee benefits market, and their impact on companies


1 Executive Summary
2 Introduction
2.1 What is this report about?
2.2 Definitions
3 Country Statistics
4 Overview of Employee Benefits in Canada
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
Introduction
Eligibility
Benefits
Payment Options
Contribution
6.2 Death in Service
Introduction
Eligibility
Benefits
Payment Options
Contribution
6.3 Long-Term Disability Benefits
Introduction
Eligibility
Benefits
Payment Options
Contribution
6.4 Short-Term Sickness Benefits
Introduction
Eligibility
Benefits
Payment Options
Contribution
6.5 Medical Benefits
Introduction
Eligibility
Benefits
Payment Options
Contribution
6.6 Workers’ Compensation Insurance
Introduction
Eligibility
Benefits
Payment Options
Contribution
6.7 Maternity and Paternity Benefits
Introduction
Eligibility
Benefits
Payment Options
Contribution
6.8 Other Benefits
Family Benefits
Unemployment Benefits
Leaves and Holidays
7 Private Benefits
7.1 Retirement Benefits
7.2 Death Benefits
7.3 Medical benefits
7.4 Disability Benefits
7.5 Accidental Death and Dismemberment Benefits
7.6 Other Benefits
8 About GlobalData
9 Contact Us
List of Tables
Table 1: Insurance industry definitions
Table 2: Canada – Country statistics, 2024
Table 3: Canada - Monthly maximum OAS deferred pension 2025
Table 4: Canada - Monthly maximum guaranteed income supplement benefits 2025
Table 5: Canada – State and compulsory workmen's compensation benefits 2025
Table 6: Canada – State and compulsory QPIP benefits for a child born on and after January 1, 2022
Table 7: Canada – State and compulsory benefits and number of variable Best weeks calculation rates 2025
Table 8: Canada – Notice period, 2025
Table 9: Canada – Fixed national and public holidays 2025
Table 10: Canada – Accidental death & dismemberment coverage, 2025

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