Benefits (medical and dental), RRSP contribution/match, pension contribution/match, employee share purchase plans, stock options, vacation pay, stat holidays, additional holidays, sick days, short term disability, long term disability, overtime, etc etc could easily add up to over $8K a year. It depends on the company/position/industry/experience and so on. There's no one formula to apply to all to say contract > employee.Originally posted by JfuckinC
Why do contractors get paid more? if i went employee at my current rate id take a $8000 pay cut for my after tax income...? benefits are no way worth 8g's.