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.

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