Trying to find a straight answer to some of my MPF queries is driving me to distraction. I really do think that I have been paying MPF for some of my staff when i don't need to, well, at least too much anyway.
I have my MPF provision through Manulife but getting a straight answer out of the telephone jockeys is driving me mad!
I've a few questions that hopefully employers out there can answer and maybe save me a few thousand a month.
My business is still quite young and working 100+ hours a week generally cut's down on my 'Am I complying' time....I tend to over compensate rather than get caught and fined.
1) I employ full time staff (over 16 hours right?) and I have to pay 5% of every penny they earn, as do they
EXAMPLE: I pay my assistant $10,000 per month so she pays $500 and I pay $500?
I believe that I'm ok with all my f/t staff
2) I employ staff who work less than 16 hours. I still have to pay 5% on every penny they earn, as do they?
Example 1: I pay someone $200 a month for 1 hours work. I have to pay $10 and they have to pay $10?
Example 2: I emply someone who works 14 hours a month and I pay them $3,000. I have to pay $150 and they have to pay $150?
3) I employ someone part-time who has multiple p/t positions. They will sometimes work the majority of their hours with me. Do they have multiple MPF accounts of 1 or just for the largest employer?
Confused? Not as much as me.
Thanks for any advice.