Sino-Canadian social security agreement may ease contribution burdens


China and Canada signed an Agreement on Social Security on 2 April in Ottawa, Canada. The agreement is expected to result in savings for employees relocating between the two countries, as well as their employers.

In addition to Canada, China has signed bilateral agreements on social security contributions with Germany, the Republic of Korea, Denmark and Finland. It also has reportedly entered into negotiations on bilateral social security agreements with 15 other jurisdictions.

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Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker & McKenzie by e-mailing Danian Zhang (Shanghai) at: subscripton ad blue 2022