Friday, May 21, 2010

Tax problem!?

Hi! I just got my T4 and noticed that my employer paid way less (half roughly) income taxes, CPP this year compare to previous, but my salary did not change! Shouldn't have that difference ended up on my pay-check???

Tax problem!?
Yes the difference should have been reflected in your paycheque, unless there was something else withheld like spousal or child support.





Take Home Pay = Gross Pay - Deductions.





So if deductions decreased, take home pay should have gone up.

sepal

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