What Does a Live-in Nanny Cost?
Nanny Tax & Payroll

What Does a Live-in Nanny Cost?

by Trisha Heathcote

Live-in nannies are the perfect solution for some families. If you work odd shifts, of need someone periodically through the day and space in your home, a live-in nanny may be what you're looking for. But, how much does it cost?

A live-in nanny isn't childcare available to you 24/7. They should still have defined work hours and sufficient time off, as well as their own private space in the home they can retreat to and not be bothered by the family. But they can offer a level of flexibility no other type of care can.

When paying your live-in nanny, make sure you offer her a fair wage for her skills and experience, as well as the position they're hired for. If they work overtime, they may be entitled to overtime pay, so her work hours schould be tracked.

Here is a breakdown of a live-in nanny working in Ontario for an example:

		COST OF A LIVE-IN NANNY IN ONTARIO
	
	
		$15/hour | 44 hours per week | Paid every 2 weeks
	
	
		
		

Gross pay ($15/hour x 44 hours/week x 2 weeks)

$1,320

Taxes deducted (federal tax, provincial tax and employee contributions to CPP and EI)

$254

Room and board deducted

$170.50

Net pay (nanny's take-home pay)

$895.50

Source deductions (taxes deducted, as above, plus employer contributions to CPP and EI)

$347.50 Total cost (your out-of-pocket expenses) $1,243

 

Our Payroll department would be happy to answer any questions you have and help you with your nanny's payroll. Contact them today at 1-877-795-1164 or payroll@canadiannanny.ca.

More on this topic: - Nanny Tax & Payroll

CanadianNanny.ca Nanny Payroll & Tax service is powered by HeartPayroll