According to a study conducted by Payments Canada, 38% of Canadians do not feel well equipped to catch pay statement discrepancies. With around $971 billion paid in annual wages and benefits to Canadians and a complex and evolving array of deductions, it’s inevitable that on occasion mistakes and discrepancies can happen.
Key findings from the study:
- 34% only focus on payment details when it’s time to file their taxes
- 23% would feel uncomfortable asking their employer to explain income deduction details on their pay statement
- 31% say they are interested in ‘payment on demand’
- 35% find reviewing their pay information daunting
Read the full report for details, click here.
