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About Caregivers -
For Parents
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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 January 2012 | | Ontario | | Standard hours of work per week (40 hrs x 2 wks) | | 80 | | Hourly rates: | | $10.56 | | Gross Bi-Weekly Wages: | | $844.80 | | Less: Room & Board per week ($85.25 per wk x 2 wks): | | $170.50 | Deductions & contribution from Nanny/Caregiver salary & employer remittance to CCRA... Employer Bi-Weekly Cntribution: | | Canada Pension Plan (CPP): | | $35.15 | | Employment Insurance (EI): | | $21.64 | | Total Employer Contribution to CCRA: | | $56.79 | Nanny/Caregiver Bi-Weekly Contribution: | | Federal Tax: | | $50.38 | | Provincial Tax: | | $26.37 | | Canada Pension Plan (CPP) | | $35.15 | | Employment Insurance (EI) | | $15.46 | | Total Nanny Contribution to CCRA: | | $127.36 | | | | | | Employer Bi-Weekly remittances to CCRA: | | $184.15 | | Net Bi-Weekly pay to Nanny/Caregiver: | | $546.94 | | Total Bi-Weekly cost - employer: | | $731.09 | Total Monthly cost of having a live-in Nanny/Caregiver in your household (based on 4 weeks): | | $1,462.18 |
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