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Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.. |
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02-24-2012, 04:31 PM
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#1
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(7125 Viewing)
Join Date: Oct 2009
Location: Vancity
Posts: 707
Thanked 100 Times in 30 Posts
Failed 63 Times in 26 Posts
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CPP Calculator
Anyone?
I just want to know if I got charged extra.
Thanks 
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02-24-2012, 05:26 PM
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#2
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Banned By Establishment
Join Date: Jan 2003
Location: Coquitlam, BC
Posts: 9,521
Thanked 1,289 Times in 409 Posts
Failed 407 Times in 100 Posts
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Pretty sure CPP maxes out at 2700 or so for the year. Can't remember the exact number.
Posted via RS Mobile
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02-24-2012, 10:00 PM
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#3
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MiX iT Up!
Join Date: May 2006
Location: vancouver
Posts: 8,153
Thanked 2,076 Times in 871 Posts
Failed 642 Times in 183 Posts
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google Tables on Diskett 2011 and run your numbers. It will tell you the amount of tax/ei/cpp you needed to have deducted per CRA.
pro tip brought to you by: D & G Consulting - Accounting | Tax | Strategy
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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02-25-2012, 09:34 AM
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#4
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Rs has made me the man i am today!
Join Date: Apr 2004
Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
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It's just a set at 4.95% of income..
First $3500 exempted, max contribution of 2,217.60
Any over payment will be refunded with your tax return
so sad, 4.95% paid to CPP and 1.83% paid to EI (2012)
and if i work smart and hard all my life i'll never see my money back at retirement...
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02-25-2012, 09:37 AM
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#5
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MiX iT Up!
Join Date: May 2006
Location: vancouver
Posts: 8,153
Thanked 2,076 Times in 871 Posts
Failed 642 Times in 183 Posts
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Quote:
Originally Posted by waddy41
It's just a set at 4.95% of income..
First $3500 exempted, max contribution of 2,217.60
Any over payment will be refunded with your tax return
so sad, 4.95% paid to CPP and 1.83% paid to EI (2012)
and if i work smart and hard all my life i'll never see my money back at retirement...
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Sad but true 
Should get fired so can collect on EI at least..
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt
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02-25-2012, 02:25 PM
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#6
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Wunder? Wonder?? Wander???
Join Date: Jan 2012
Location: gvrd
Posts: 201
Thanked 118 Times in 53 Posts
Failed 5 Times in 2 Posts
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For accurate CPP/EI/Tax calculations go to :
Payroll Deductions Online Calculator - Disclaimer
You don't have to enter your name or SIN but be sure to select the correct province and pay period type.
Keep in mind to enter your taxable benefits correctly. CPP and Tax are calculated but EI is not.
If you need help let me know.
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03-04-2012, 08:04 PM
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#7
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(7125 Viewing)
Join Date: Oct 2009
Location: Vancity
Posts: 707
Thanked 100 Times in 30 Posts
Failed 63 Times in 26 Posts
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Thanks guys
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05-17-2015, 11:29 PM
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#8
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RS Lurker, I don't post!
Join Date: May 2015
Location: usa
Posts: 1
Thanked 0 Times in 0 Posts
Failed 1 Time in 1 Post
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HI Plush,
Canadian retirement income calculator has additionally been updated to reflect the budget. It is essentially that you calculate and report the correct deductions and insurable/pensionable income on both T4 slips.
Thanks
ZARA JOHN@
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