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Employers' costs for Canada Pension Plan contributions, Employment Insurance premiums, and other benefits may be affected by:

A. Collective bargaining agreements
B. Inflation rates
C. Corporate tax rates
D. Employee performance reviews

1 Answer

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Final answer:

Employers' costs for the Canada Pension Plan, Employment Insurance, and other benefits may be influenced primarily by collective bargaining agreements, which outline the contributions required by employers. Inflation can also indirectly affect the costs of these benefits. Understanding the impact of economic changes is crucial in managing these employer expenses.

Step-by-step explanation:

Employers' costs for Canada Pension Plan contributions, Employment Insurance premiums, and other benefits may be influenced by Collective bargaining agreements. These agreements can determine the rates of contribution that an employer needs to make towards various employee benefits, which include pension plans, health benefits, unemployment and worker's compensation insurance, as well as legally required payments such as those to Social Security or the equivalent in Canada.

Other factors such as inflation rates can also affect employers' costs indirectly by increasing the overall economic cost of providing these benefits. For instance, if inflation rises, it may also increase the cost of providing health benefits due to higher prices for medical services and supplies.

It is important to be aware of the various employer payment options and how changes in the economic environment or legislation can impact these costs.

User Andreas Selenwall
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