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