Pay Deductions in Canada

In Canada, there are routine deductions on most pay checks. A deduction is an amount of money will automatically be removed from your pay by your employer for the following contributions. These deductions could lessen your pay by as much as 25% to 35% of your total income.

This money will go towards:

1. Income taxes
2. Canada Pension Plan or Quebec Pension Plan
3. Employment Insurance
4. Union dues - if you belong to a union
5. Contributions to a retirement or pension plan
6. Any other necessary or agreed upon deductions between you and your employer


Post a Comment