Hello guys,
I'm currently full-time and all the "contract" hiring type is new for me.

Could please anyone help me with:

1- How to calculate an hour rate that covers all the benefits that a contract doesn't covers, like extended health insurance?
2- How do you pay CPP, and all the other expenses that company discount from your salary when you're full-time?
3- is it legal that company requires a mandatory schedule, when you're in "contract"?

This is for a Business Analyst position.
Thanks!

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Take your desired annual salary, divide by 1000. That’s your hourly rate.

May look high to you; but you start with 2080 work hours in the year. Sub 80 hours for vacation. Sub 80 hours for other time off (sick leave, etc) — you’re at 1920. Take another 200-400 off for odd uncharged hours (nature of contracting by the hour) — you’re at 1520-1720.

So you’re not only needing to make as much net after ~1600 hours as FTEs make in ~1800, but you’re responsible for paying 15% taxes now — self employed 1099… your own healthcare, benefits, insurance, etc.

Suddenly doesn’t seem very high anymore.

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Also, can someone explain what's: General liability insurance, Professional liability insurance, and Workers compensation insurance?

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