Well, the hour Mark put into this could save $1,900.

It's good information.

On Thu, Oct 18, 2012 at 8:05 PM, Justin Lacko <jus...@takaji.ca> wrote:

> Mark... I think you're analysing this WAY too deep...
>
> On 18 October 2012 18:58, Mark Jenkins <m...@parit.ca> wrote:
> >> * Note on CPP -- its actually 4.95% on annual earnings above $3500 and
> >> below some other threshold -- it works out to ~4.27% for someone making
> >> $10.25 an hour + 4% vacation pay who works 10 hours a day 240 days a
> >> year -- so if you hired folks for 10 hour days at minimum wage your
> >> costs as an employer would be
> >
> >
> > Ooops, I forgot that labour standards act has overtime -- CPP works out
> to
> > ~4.10% for $10.25/h+4% when calculated for 8 hours, 240 days a year...
> which
> > makes for ~$11.12/h employer cost... so I've saved a ~fuzzy~ cent with
> this
> > post.
> >
> >
> >
> >
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