The annual Ministers’ Compensation Survey is intended to obtain information on the compensation practices generally followed by CRC churches in Canada and the United States for pastors serving a congregation full-time.
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Since ministers are not allowed to deduct church related business expenses from their local church employment as self-employed workers, often ministers and other church employees pay unnecessary income taxes on legitimate business expenses.
A registered Retirement Savings Plan (RSP) is an investment account designed primarily for saving toward your retirement years. As a retirement savings vehicle, regulated by the Canadian government, RSPs have special tax benefits.