Deductions & Contribution @ $20/hr

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Fido
Member since: Aug 06

Posts: 5286
Location: Canada
Post ID: #PID

Posted on: 22-06-09 08:06:36

Hi ,

For some one getting a monthly salary based on $20/hr , how much would be the deductions and contributions (both employer and employee portions)

Considering a 40 hr week. Gross becomes 20*40 *4= 3200/-

I can think of

EI
Employer CPP
Employee CPP
WSIB

Any other that I have missed .....

Appreciate feedback . Thanks .

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Fido.

Iknownothing
Member since: Jan 08

Posts: 429
Location: Ohio
Post ID: #PID

Posted on: 22-06-09 09:33:06

Quote:
Originally posted by Fido

Hi ,

For some one getting a monthly salary based on $20/hr , how much would be the deductions and contributions (both employer and employee portions)

Considering a 40 hr week. Gross becomes 20*40 *4= 3200/-

I can think of

EI
Employer CPP
Employee CPP
WSIB

Any other that I have missed .....

Appreciate feedback . Thanks .

You will need something called 'Tables on Diskette'. It's a software by the CRA and you can download it from here... http://www.cra-arc.gc.ca/tx/bsnss/tod-tsd/2009/m07/menu-eng.html

Just plug in the hourly rate and the number of hours worked and it will give you all the deductions.

You will get all info on employer contribution on cra.gc.ca. For EI I think the employer has to contribute 1.4 times of the employee's contribution.

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