A new study has ranked Canada fifth among OECD countries for having the best work-life balance.
Compiled by fintech firm Tipalti, the study ranked the top 10 countries in the Organization for Economic Co-operation and Development (OECD) based on their work environments and benefits, using metrics such as average number of hours worked per year, annual salary, tax rates. and pensions.
Switzerland took first place, with the highest average annual salary of the countries analyzed and the highest average pension assets per person.
The United States, with the lowest combined tax rate in the top 10, ranks second, followed by Iceland, Norway and Canada.
The study found that Canadians work an average of 1,696 hours in any given year, earning $43,540 on average, with a combined income, sales and corporate tax rate of 64%, and $41,987 in average retirement assets per person.
The top 10 list includes:
- Swiss
- United States
- Iceland
- Norway
- Canada
- Australia
- Netherlands
- Ireland
- Luxemburg
- Denmark
ctvnews Canada news