About Caregivers -
For Parents & Families
Affordable for families
The Cost of Hiring an Overseas Nanny
Most people have never considered hiring a live-in nanny/caregiver because they believed it would be too expensive for their family to afford. However, the truth surprises most families who contact OCR.
A live-in Nanny/Caregiver is actually far more cost effective with increased flexibility, especially if the family has multiple children in daycare, a family member with special needs, or an elderly loved one in a nursing home.
The detailed payroll chart below was designed to give you a better understanding of the monthly cost of having a full time live-in nanny. Please contact the Canada Revenue office in your area for the prevailing rate.
|Base on Bi-Weekly Payroll - New Payroll Deductions Online Calculator for June 1, 2015|| |
|Standard hours of work per week (40 hrs x 2 wks)|| ||80|
|Hourly rates: || ||$11|
|Gross Bi-Weekly Wages:|| ||$880.00|
|Room and Board - FREE (With the new changes employers can't deduct Room & Board)|| ||0|
Deductions & contribution from Nanny/Caregiver salary & employer remittance to CCRA...
Employer Bi-Weekly Contribution:
|Canada Pension Plan (CPP):|| ||$36.90|
|Employment Insurance (EI):|| ||$23.16|
|Total Employer Contribution to CCRA: || ||$60.06|
Nanny/Caregiver Bi-Weekly Contribution:
|Federal Tax: || ||$52.02|
|Provincial Tax:|| ||$29.23|
|Canada Pension Plan (CPP)|| ||$36.90|
|Employment Insurance (EI)|| ||$16.54|
|Total Nanny Contribution to CCRA:|| ||$134.69|
| || || |
|Employer Bi-Weekly remittances to CCRA:|| ||$194.75|
|Net Bi-Weekly pay to Nanny/Caregiver:|| ||$745.31|
|Total Bi-Weekly cost - employer:|| ||$940.06|
Total Monthly cost of having a Nanny/Caregiver in your household (based on 4 weeks): (Net monthly salary $1,614.83 + Taxes $421.97)