payroll calculation (Canada government)

 

t4001-24e (1).pdf

2.88MB

 

t4001-24e.pdf

0.56MB

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/income-tax/increasing-income-tax-deductions.html#h_2

Calculate income tax deductions - Canada.ca

 

Sections

• Get ready to make deductions
• Determine if a benefit is taxable
• Determine the tax treatment of payments other than regular employment income
• How to calculate
  • Calculate CPP deductions
  • Calculate second additional CPP deductions (CPP2)New – 2024
  • Calculate EI deductions
  • Calculate income tax deductions
  • Calculate the GST/HST to remit on benefits
• Make corrections before filing