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1. www.canada.ca › en › revenue-agencyAbout the deduction of income tax – Calculate payroll ...

   www.canada.ca › en › revenue-agency

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   The total is $550.00. Step 2: Calculate the weekly deductions. The weekly deductions are equal to his RPP contributions of $25.00 union dues deductions of $5.50 his deduction for living in a prescribed zone of $77.00 ($11.00 per day × 7 days). The total weekly deductions amount is $107.50. Step 3: Calculate the weekly net remuneration on which ...

2. www.canada.ca › en › revenue-agencyPayroll Deductions Tables - CPP, EI, and income tax ... - Canada

   www.canada.ca › en › revenue-agency

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   Jan 1, 2024 · If your employees want you to adjust their tax deductions to allow for commission expenses, they have to complete Form TD1X, Statement of Commission Income and Expenses for Payroll Tax Deductions. You deduct tax from your employees' commission pay using the "Total claim amount" on their TD1 forms in the following situations:

3. www.canada.ca › en › revenue-agencyEmployers’ Guide – Payroll Deductions and Remittances

   www.canada.ca › en › revenue-agency

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   • General information. Do you need to register for a payroll program account. You need to register for a payroll program account if you meet any of the following conditions
   • Canada Pension Plan contributions. For Canada Pension Plan (CPP), contributions are not calculated from the first dollar of pensionable earnings.
   • Employment insurance premiums. You have to deduct employment insurance (EI) premiums from each dollar of insurable earnings up to the yearly maximum.
   • Pensionable and Insurable Earnings Review (PIER) Each year, we check the calculations you made on the T4 slips that you filed with your T4 Summary.

4. www.getsmarteraboutmoney.ca › learning-pathUnderstanding the tax deductions on your pay stub

   www.getsmarteraboutmoney.ca › learning-path

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   Sep 9, 2024 · A pay stub will include: Gross pay – the amount you make every week, every month or every hour before your employer deducts any income taxes, payroll taxes (EI and CPP) or other items. Net pay Net pay Your “net” or “take home” pay is your gross pay, less all amounts deducted by… + read full definition. external-link.

5. turbotax.intuit.ca › tips › ei-cpp-payrollTaxes for Canadian Employers: A Guide to EI & CPP Payroll ...

   turbotax.intuit.ca › tips › ei-cpp-payroll

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   • Hiring Procedures. To remit your contributions and payroll deductions, you need to open a CRA Payroll Account. This program account consists of your CRA Business Number, the letters RP indicating a payroll account, and a four number identifier, usually 0001.
   • Calculating the Payroll Deductions. EI and CPP deductions are fixed rates, and employers deduct the amounts according to the CRA Payroll Tables, most often using the Payroll Deductions Online Calculator, or up-to-date payroll accounting software such as Intuit QuickBooks.
   • Calculating the Employment Insurance (EI) Contribution. The Government of Canada finances Employment Insurance (EI) through employer contributions and through deductions from employee salaries up to a maximum insurable amount.
   • Canada Pension Plan (CPP) Contributions. If an employee is between 18 and 65 years old, you have to deduct Canada Pension Plan (CPP) (Québec Pension Plan (QPP) in Québec), contributions from their salary and make an employer’s contribution.

6. www.adp.ca › en › resourcesWhat are Payroll Taxes? | Guide for Employers | ADP - ADP Canada

   www.adp.ca › en › resources

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   How employer payroll taxes work. Employers are responsible for deducting the correct amount of taxes from employee wages, calculating their own share of taxes, depositing the payments and filing returns with government agencies on time. The taxes that generally must be paid every pay period include: In Quebec: The Canada Revenue Agency (CRA ...

7. People also ask

   Do employers pay payroll taxes?

   • Both employers and employees pay payroll taxes. But, employers only contribute to some of these payroll taxes at different rates compared to employees. How do I know how much income tax to withhold for each employee? The CRA payroll deduction tables and an employee’s TD1 form determine the amount of income tax to withhold.

   What are Payroll Taxes? | Guide for Employers | ADP - ADP Canada

   www.adp.ca/en/resources/articles-and-insights/articles/e/employer-payroll-taxes-what-they-are-and-how-they-work.aspx

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   What taxable benefits do employers pay?

   • You pay salaries, bonuses, commissions, vacation pay or tips to your employees. You offer them certain taxable benefits, such as personal use of a vehicle or allowances. You are also required to withhold and remit payroll deductions. Employers are responsible for deducting the following four amounts:

   The basics of employer payroll deductions - BDC

   www.bdc.ca/en/articles-tools/employees/manage/basics-employer-payroll-deductions

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   Do employers have to pay payroll taxes in Canada?

   • Employers’ payroll obligations include withholding the correct amount of income tax from their employees’ pay. How often employers need to remit these payroll contributions and source deductions depends on their remitter type. Get your maximum refund, guaranteed*. What payroll taxes do employers pay in Canada?

   Taxes for Canadian Employers: A Guide to EI & CPP Payroll Contributions

   turbotax.intuit.ca/tips/ei-cpp-payroll-contributions-taxes-for-an-employer-in-canada-374

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   Do employers need to register to pay payroll taxes?

   • Once registered, employers are able to make deductions for CPP, EI, federal and provincial income taxes from employee pay and also receive refunds on payroll deductions. Employers may also need to register to pay provincial payroll taxes based on where the business is located.

   What are Payroll Taxes? | Guide for Employers | ADP - ADP Canada

   www.adp.ca/en/resources/articles-and-insights/articles/e/employer-payroll-taxes-what-they-are-and-how-they-work.aspx

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   What if an employee owes a tax deduction?

   • If income tax deductions cause undue hardship to the employee, they can contact any tax services office to ask for a letter of authority. The letter will let you deduct less tax. If an insurance company pays an employee an amount equivalent to their regular salary, the insurer will issue a T4A slip.

   Employers’ Guide – Payroll Deductions and Remittances

   www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4001/employers-guide-payroll-deductions-remittances.html

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   What if my employee doesn't pay income tax?

   • Your employee can either pay the amount when they file their income tax and benefit return or they can ask you to deduct more income tax at source. For more information, see Request for more tax deductions from employment income. We can assess a penalty of 10% of the amount of CPP, EI, and income tax you did not deduct.

   Employers’ Guide – Payroll Deductions and Remittances

   www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4001/employers-guide-payroll-deductions-remittances.html

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8. www.bdc.ca › en › articles-toolsThe basics of employer payroll deductions - BDC

   www.bdc.ca › en › articles-tools

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   Steps for new employers. New employers must first open a payroll program account in order to remit deductions to the CRA. Next, the employer will have to ask the employee to provide his or her social insurance number and complete Form TD1—Personal Tax Credits Returns. Payroll deductions belong to the government, and the amounts collected must ...