Monthly Payroll Deductions

Payroll deductions for pension contributions, group insurance deductions, and other monthly deductions will be included in future projections.

Income tax deductions and CPP/EI deductions will be calculated automatically in future projections.


Use Your Paystub

Complete the Monthly Payroll Deductions section using your most recent paystub. The paystub you use should represent your typical earnings. In this example below we would use the following amounts...

Pension Contributions: $8.00

Group Insurance Deductions: $4.94

Tax Deductions: $305.90 + $10.84 = $316.74

CPP/EI Deductions: $65.03 + $28.62 = $93.65

Other Deductions: $0

Payment frequency can be entered by using the dropdowns.


Drop Downs:

  • /A = Per Annum
  • /SM = Per Semi-Annum (2x per year)
  • /Q = Per Quarter
  • /M = Per Month
  • /SM = Per Semi-Month (2x per month)
  • /BW = Per Bi-Weekly
  • /W = Per Weekly

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