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The Ontario Financing Authority, which manages the provinces' debt, says that as of March 31, 2020 (for the 2019-20 fiscal year), the Ontario government's net debt is CDN $353.3 billion. [3] Net debt is projected to rise to $398 billion in 2020-21. The Debt-to-GDP ratio for 2019-2020 was 39.7%, and is projected to rise to 47.1% in 2020-21. [6]
The Phoenix pay system is a payroll processing system for Canadian federal government employees, provided by IBM in June 2011 using PeopleSoft software, and run by Public Services and Procurement Canada. The Public Service Pay Centre is located in Miramichi, New Brunswick. It was first introduced in 2009 as part of Prime Minister Stephen Harper ...
The National Payroll Institute, formerly the Canadian Payroll Association (CPA), represents Canadian employers' payroll interests.. Canada's 1.5 million employers annually pay $929 billion in wages and taxable benefits, $310 billion in federal and provincial statutory remittances, and $180 billion in health and retirement benefits, as well as produce 26 million T4s, 9 million T4As, and 7 ...
Across the pond in the States, the mean distance to work rose from 10 miles in 2019 to 27 miles at the end of 2023, according to a study from payroll processing and HR services company Gusto.
Canadian public debt, or general government debt, is the liabilities of the government sector. [1] : 23 Government gross debt consists of liabilities that are a financial claim that requires payment of interest and/or principal in future. [2] : 207 They consist mainly of Treasury bonds, but also include public service employee pension liabilities.
v. t. e. In Canada, the federal government makes equalization payments to provincial governments of lesser fiscal capacity so that "reasonably comparable" levels of public services can be provided at similar levels of taxation. [1] Equalization payments are entrenched in the Constitution Act of 1982, subsection 36 (2).
Premiums were reduced much less than falling expenditures – producing, from 1994 onwards, EI surpluses of several billion dollars per year, which were added to general government revenue. The cumulative EI surplus stood at $57 billion at 31 March 2008, [19] nearly four times the amount needed to cover the extra costs paid during a recession. [20]
Until the 2009–2010 fiscal year, Ontario was the only province to have never received equalization payments; in 2009-2010 Ontario received 347 million dollars, while Newfoundland, which has received payments since the program's creation, is now a so-called "have" province, and is now a net contributor and does not receive payments. Canada's ...
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