How much money will be deducted from my paycheck?
Based on bi-weekly pay periods and under 18 years old You have to deduct CPP contributions from an employee’s remuneration if that employee: ■ is 18 or older, but younger than 70; You are CPP exempt until you turn 18 There is no age limit for deducting EI premiums. You should receive a pay check for $212.26 based on gross pay of $216 and the deduction for (employment insurance) EI of $3.74 Note that there are no taxes payable! Use the link below to access an on-line calculator from CCRA webpage ————————————–… Payroll Deductions Online Calculator Results – Effective January 1, 2008 ————————————–… Employee’s name Employer’s name Pay period Biweekly (26 pay periods a year) Pay period ending date Province of employment British Columbia Federal amount from TD1 Claim Code 1 (Minimum – 9,600.00) Provincial amount from TD1 Claim Code 1 (Minimum – 9,189.00) ————————————–… Salary or wages for the pay period 216.00 T
