- Country Information
- Canada
In this article...
Canada
- Employment Contracts
- Benefits Packages
- Introducing PEO in Canada
- What types of employment contract are there in Canada?
- What mandatory clauses must be included in a Canadian employment contract?
- How do you amend an employment contract in Canada?
- What makes a contract invalid in Canada?
- What are the minimum employee entitlements in Canada?
- What are the mandatory benefits in Canada?
- Is private health insurance available in Canada?
- Can employees receive stock options in Canada?
- Are there any other benefits available to employees in Canada?
- What is the minimum wage in Canada?
- What is the standard work week in Canada?
- What are the statutory public holidays in Canada?
- What are the overtime rules in Canada?
- What are the standard leave policies in Canada?
- Are alternative work arrangements possible in Canada?
- What is the required documentation for onboarding in Canada?
- How do you register an employee in Canada?
- What are the contract signing requirements in Canada?
- Can companies implement their own onboarding in Canada?
- What rules concern the base salary in Canada?
- How are bonuses and commissions handled in Canada?
- How are allowances handled in Canada?
- How is individual income tax handled in Canada?
- What are some other payroll considerations in Canada?
- How are expenses handled in Canada?
- Who makes the decision to terminate an employment contract in Canada?
- What is the procedure to terminate an employment contract in Canada?
Can employees receive stock options in Canada?
Employers in Canada are not required to offer stock options to their employees but may choose to do so. The vesting schedule accompanying stock options allows employees to retain star employees until full vesting. Stock options are also valuable non-cash awards that encourage high employee performance in start-ups. You can consult your PEO provider in Canada to help you roll out employee stock options and manage the administrative logistics of operating a stock option plan.
If you have questions about benefit provisions in employment contracts in Canada, please get in touch with our team today!
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