My pay cheque is lower than expected?

Written By on December 31, 2012

If you made more than $45,900 in 2012 you might notice a change in your net pay in the beginning of 2013.

This is because of the deductions for Canada Pension Plan and Employment Insurance. If you made more than $45,900 in 2012 you would have reached the maximum amount for EI contributions and if you made more than $50,085 you would have also reached the maximum amount for CPP contributions. (more…)


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