Asked by Andrew Cavender on Jul 26, 2024

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Legally required benefits amount to 50 percent of the benefits packages that Canadian employers provide.

Legally Required Benefits

Employer-provided benefits that are mandated by law, such as social security, unemployment insurance, and workers' compensation.

  • Discover the relationship between personnel compensations and legal stipulations.
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SARAH ANSONJul 31, 2024
Final Answer :
False
Explanation :
Legally required benefits do not amount to 50 percent of the benefits packages that Canadian employers provide. The percentage can vary significantly depending on the employer, the industry, and the additional benefits offered voluntarily by the employer beyond the legal requirements. Legally required benefits in Canada typically include contributions to the Canada Pension Plan, Employment Insurance, and in some jurisdictions, Workers' Compensation. Employers often provide additional benefits such as health insurance, dental care, life insurance, and retirement savings plans, which can significantly exceed the cost of legally required benefits.