Canada Net Pay Calculat
Gross Earnings
2250.00
Earnings
RRP %
0.00
0.00
0.00
0.00
Taxable allowances
Non-taxable allawances
Cash Taxable benefits
Other/Vacation pay
2250.00
Total Gross Earnings
Non- cash Taxable Benefits
0.00
Non Cash taxable benefits
0.00
Total Non Cash taxable benefits
2250.00 Exmp
Gross pensionable/Taxable Income(GPTI)
134.61
EI Rate
2250.00
Gross Insurable Earnings(GIE)
0.0188
1.4
Federal & Proviancial Income Tax
Net Insurable Earnings
2250.00
Net Taxable Income (Federal)
2250.00 use the Federal tax table
Net Taxable Income (Provincial)
2250.00 use the Provi. tax table
Total Dedctions
685.11
Net Pay
1564.89
Pay Calculation
Authorized Deductions
RRSP% RRP
RRSP
Union dues
CRA Autorized Deductions
Other Deductions
RQ Authorized deductions
0.00
Total
CPP Contribution
CPP
CPP Rate
0.0495
2115.39
104.71
Total CPP Remmit
209.42
EI
EI
Employee Portion
42.30
Employer Portion
59.22
Total EI
101.52
Federal tax
he Federal tax table
364.70
Total IT Deductions
Prov. Tax
538.10
173.40
he Provi. tax table
Net Pay Calculation - Allowances and Benefits
Basis
Annual Salary
Pay period Earnings
Car Allowances
Group life insurance taxable benefit
Gross Income
Pensionable Income
57200.00
2200.00
2600.00
4800.00
4800.00
26
CPP Contribution
Exmp
CPP Rate
134.61 0.0495
Insurable Income
1608.00
EI
EI Rate
0.0188
Employee Portion
1.4
Employer Portion
Federal Tax
4800.00
TD Table Fed
Provincial Tax
4800.00
TD Table Provi
Total Deductions
Net Pay
814.87
3985.13
Contribution
CPP
4665.39
230.94
Total CPP Remmit
461.87
EI
Employee Portion
EI
30.23
Employer Portion
42.32
375.25
178.45
Total EI
72.553
Group Term Life Insurance Plans
The following formula calculates the employees monthly taxable ben
nthly taxable benefit:
Quebec Net Pay Calculatio
Gross Earnings
Earnings
Taxable allowances
Non-taxable allawances
Cash Taxable benefits
Other/Vacation pay
Total Gross Earnings
420
0
0.00
420
Non- cash Taxable Benefits
Non Cash taxable benefits
27.90
Total Non Cash taxable benefits
QPP Contribution
Gross pensionable/Taxable Income(GPTI)
447.90 Exmp
134.61
EI Rate
Gross Insurable Earnings(GIE)
420.00
0.0153
QPIP RATE
QPIP
0.00559
0.00782
Federal & Proviancial Income Tax
Net Insurable Earnings
420
Net Taxable Income (Federal)
447.90 use the tax table /claim code
Net Taxable Income (Quebec)
420.00 use the tax table /claim code
Total Dedctions
420.20
Net Pay
-0.20
y Calculation
Authorized Deductions
RRP
0.02 RRSP
Union dues
CRA Autorized Deductions
Other Deductions
RQ Authorized deductions
0.00
Total
QPP Contribution
QPP Rate
0.05175
313.29
0.00
0.00
0.00
0.00
0.00
0.00
QPP
Total Remmit
16.21
32.43
EI
6.43
QPIP
Employee Portion
Employer Portion
he tax table /claim code
he tax table /claim code and code
2.35
3.28
Total QPIP
5.63
Federal tax
170.05
Qubec Tax
225.16
Total IT Deductions
395.21
Net Pay Calculation - Qubec - Allowances and Bene
Annual Salary
Pay period
Car Allowance
GTLI
PRIVATE HEALTH
34800
1338.46
0
137.00
319.00
Gross icome
Pensionable incom
1548.92
Insurable income
1338.46
QPIP
CODE IS
CODE IS
Federal tax
Provincial tax
Total deduction.
Net Pay
26
12
12
26
26
134.61
1414.31
1338.46 Excemption
1338.46
1401.69
1548.92
448.46
890.00
134.65
212.66
ces and Benefits
63.23
147.23
QPP
EI
QPIP
5.18%
1.53%
0.56%
73.19
20.48
7.48
Parking
Cost+GST+QST
Cost
GST
0.05
QST
0.09975
Parking Benefit
300.00
15.00
29.93
344.93
Pay Period Benefit
Parking Benefit
Months
Pay Periods
344.93
12
26
159.20
Calculating Bonus Tax
Bonus
pay period frequency
Pay Period Bonus
Net pay period bonus amount
Federal Tax
Proviancial Tax
4940.00
26
190.00
annual salary
pay period frequency
Pay Period Salary
1390.00
Net Pay Period Salary
176.40
85.40
pay period frequency
Federal Tax
Proviancial Tax
26
Total Federal Income Tax
40.20
Total Proviancial Tax
18.85
Total income tax on the bonus payment
annual salary
y period frequency
Pay Period Salary
31200.00
t Pay Period Salary
1200.00
26
1200.00
136.20
66.55
Federal Tax
Proviancial Tax
1045.20
490.10
1535.30
Directors' Fees
Directors Fee
Annual CPP Exmp
Pay Periods
CPP Pay period
CPP Contribution
CPP Contribution
Note:
If quarterly
If Semi
5500.00
3500.00
4
875.00
4625.00
Annual CPP Rate
0.0495
228.94
4
2
Retroactive Income Tax Calculation
1580.00
Increased Salary
Laps of pay periods
Salary
1300.00
Fed. Tax
Pro. Tax
retroactive tax
Fed.Tax
Pro. Tax
Reg Pay Tax
Fed. Taxes difference
61.45
Pro. Tax difference
28.95
Total Tax
ation
212.70
101.10
313.80
151.25
72.15
223.40
Multiply
307.25
144.75
452.00
765.80
Retroactive Increase
Incre. %
Original Salary
Increased
Increased Salary
Pay Periods
retroactive payment
gross earnings for the next pay period
1750.00
113.75
1863.75
0.00
11
1251.25
3115.00
6.50%
Lump-Sum Payments for Death Benefits
QUEBEC
Death Benefit
Exemption
Taxable Amount
21400.00
10000.00
11400.00 See Table for %
Fedral Tax
10.00%
1140
Total Tax
Quebec Tax
20.00%
2280
3420.00
NON- Quebec
Death Benefit
Exemption
Taxable Amount
21500.00
10000.00
11500.00 See Table for %
Fed & Prov Tax
20.00%
Total Tax
2300.00
nefits
