We will be moving to Canada in few months and was trying to understand how much will be our take home salary, below are some details about the offer.

Salary: 107,000 per annum
Provice: Ontario
City: Toronto
Pay check: Bi-weekly
Family: spouse and child, both dependent on me.

Gross Bi-weekly Salary: 4115
Pension plan deduction: ??
Unemployement deduction: ??
Federal tax: ?
Province tax:?
Net Bi-weekly take home Salary =

I found below calculator, but it was not helpful in determining the deductions and i dont have a clue about deductions.

http://www.paycheckcity.com/canada/coeatonca/cacalculator.aspx

Quote:

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Originally posted by tanzdhaliwal

We will be moving to Canada in few months and was trying to understand how much will be our take home salary, below are some details about the offer.

Salary: 107,000 per annum
Provice: Ontario
City: Toronto
Pay check: Bi-weekly
Family: spouse and child, both dependent on me.

Gross Bi-weekly Salary: 4115
Pension plan deduction: ??
Unemployement deduction: ??
Federal tax: ?
Province tax:?
Net Bi-weekly take home Salary =

I found below calculator, but it was not helpful in determining the deductions and i dont have a clue about deductions.

http://www.paycheckcity.com/canada/coeatonca/cacalculator.aspx

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Thanks G13 for your response.

Can you explain me how you calculated tax and other deductions.
Thanks in advance.

Source:

http://www.walterharder.ca/Take%20Home%20Pay%20Calculator.html

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__________________________________
George Malley: Hey, would you, uh, love me the rest of my life?
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None of us knows God until someone introduces us - Life of Pi

Thanks G13, this is what i was looking for.

Between the website says:
1 CPP paid in first 10 periods.
2 EI paid in first 10 periods

What does that mean ?

This means you will stop contributing to EI and CPP after the first 10 periods for that year; as there is a maximum contribution for CPP (2049) and EI (711) per year.

-----------------------------------------------------------------
No trees were killed by this post, but a large number of electrons were terribly inconvenienced.
__________________________________
George Malley: Hey, would you, uh, love me the rest of my life?
Lace Pennamin: No. I'm gonna love you for the rest of mine.
__________________________________
None of us knows God until someone introduces us - Life of Pi

Thanks a lot G13, i realy appreciate your help.