Home page

My PAY STUB in CANADA 2023 // PAYROLL DEDUCTIONS - Income TAX, CPP u0026 EI // Canadian Tax Guide Ch 12

Frames My PAY STUB in CANADA 2023 // PAYROLL DEDUCTIONS - Income TAX, CPP u0026 EI // Canadian Tax Guide Ch 12

Description My PAY STUB in CANADA 2023 // PAYROLL DEDUCTIONS - Income TAX, CPP u0026 EI // Canadian Tax Guide Ch 12

Comments My PAY STUB in CANADA 2023 // PAYROLL DEDUCTIONS - Income TAX, CPP u0026 EI // Canadian Tax Guide Ch 12

Make sure you watch my video on the Important TAX CHANGES in CANADA for 2023! 🇨🇦👇br youtube/Zjfy_G1l5okbrbrI break down the tax changes like the CPP increase and changes that will REDUCE your taxes like updated tax brackets and increased tax credits! 🇨🇦 Comment from : Canadian in a T-Shirt

Mrvictech is the best when it comes to making of bank statements ❤🎉❤ Comment from : LiSa banks

Hey for self employed CPP contribution rate is 1190 right? Comment from : Vaibhavi Patel

That a wonderful explanation thank you so much 🙏 Comment from : Kabikis19

Want happens if your employer makes an error in the pay stub?? Comment from : Poojinder kaur

Great video love from India 🙂 Comment from : ankush kumar

The income tax should be taxed at 305 in 2023 you forgot to add the provincial tax Comment from : BK

❤ Comment from : Dhirendra Sah

Hello Adrian, thank you very much for the valuable videos that you come up with I have a request for you to cover the topic of Group insurance provided by employers vs OHIP, also it will be great to cover the differences and if we have OHIP should we opt in for the group insurance or not with their benefits Looking forward to the video soon :-) Regards, Prem Comment from : Parameshwaran Iyer

How did you go from software engineer to business owner? I'm currently a software engineer and love the topics you discuss on this channel - I would love to combine the two in my life at some point! Comment from : Samuel Moisan

Thank you so much for this clear and simple explanation! Looking forward the next video! Comment from : MrZeromus89

what is SRCD MAN in my paystub? Comment from : aditya kushwaha

What does STATEI mean on a Canadian pay stub? Falls under heading timecard Comment from : diane9397

How about vacation pay ? Comment from : Do Than

Thank you for video Always very clear Comment from : ricardoandres

Amazingly explained 😊 Comment from : Rashad Ahmad Aria Faizy

always great, appreciated Comment from : Amanuel

Thank you :D Comment from : StoneChild9

How can i give more than 1 thumb up? Comment from : Siu Ping Y

Hey Adrian, I was just wondering about the salary you decided to pay yourself In your first pay stub you mentioned that you're paying yourself $90k per year, which places you into the second tax bracket My question is, why not just pay yourself the $50k per year so that you remain in the first bracket to pay less tax? Does the extra $40k income to your business have less benefits than giving it to yourself? I'm just curious as to what your thought process was when figuring out that number Thanks! Comment from : Froggo Man

Why only one deduction for cpp it should be twice right one for employee and one for employer In this case of incorporation also your payslip should deduct both right ? Comment from : Mahesh Mahi

Hi, I am a new subscriber Love your channel Do you have tax, budgeting and investing calculators to share!!! Thanks Comment from : Jatindeep Bahl - Lets go Canada

very informative! I am puzzled about how taxes work on bonus pays since I am getting huge tax deductions from these bonus pays Any video for explanation of that? Comment from : Emad Gohari

Can i choose to deduct all if not most of my payroll taxes when i start a new job and pay the taxes i owe later in alberta canada Comment from : Hockey164

Thanks so much for your videos Adrian! So helpful Comment from : Scammer Robot

very hard to believe I acquired my paystub and also my bank statement without stress or breaking a sweat,all thanks to click_cybertech,he's absolutely the best I tell ya,very efficient and swift service💯💯 Comment from : Rhema Ogwurike

I'm so glad I just discovered your channel! I've lived here all my life (over 40 years) and have learned so much from your videos so far I work as a department manager at a big box retail corporation and this video in particular I am going to recommend to my new hires to watch as many of them are international students and young people! They often have questions about their pay check that I can't quite give them the reason for some of the deductions and you break it down so well Thanks for your videos! Comment from : Julie Stone

was very helpful Comment from : Orville Allison

Thanks, now I got it after almost 5 years working in Canada - thanks man Comment from : Yacine Atroune

No offense the tax bracket is the tax bracket most regular people don't understand limited liability Corp you make it sound great but it's not unless your making over 400,000 a year brSole proprietary is best for 30-60,000 range Comment from : Eric Johnson

What a great video, I learned so much about taxes and how it affects my money GREAT WORK 👊🏾 Comment from : LJ

Hi Adrian Me what I wanna know is im trying to estimate my 2022 tax refund with a online calculator I almost maximized my RRSP contributions this year Besides federal and provincial taxes paid and shown on paystub, what other deductions go into the tax refund calculation? Do deductions like RRQ ( QPP in Quebec) IE etcare included in the calculation ( taxes paid versus how much your supposed to pay)? Thank you Comment from : Alexandros Achilleas

Both my wife and myself work in Ontario but we live in Quebec We end up owing nearly 5 figures after filing We always prepare for it but it doesn't hurt any less Comment from : Carl M

Let's meet for coffee Comment from : vincent wong

Hi, I don't understand why taxable benefits appears like I am earning more money But actually after withhold, I am being paid less than before when taxable benefits haven't appeared in my paycheck Comment from : Carlos Daniel Albores Sotelo

Love you videos, so informative!!! Comment from : Elena Bucuci

You know what I want in 2023? Way more content from Canadian in a t-shirt! Post more frequently man, you're a gem! Comment from : Kyle McCormack

Can you do a video on a bonus payment breakdown? I’m a big fan of your channel Comment from : JJ A

This is so useful Amazing Comment from : Agustin Adrian Uy

Hey, awesome video In your breakdown of the salary paystub, I see fed tax but no provincial tax Why is that? Comment from : Abhisek Konar

How much money you make from this channel? Comment from : Uliana

Do minors get EI deduction back in canada? Comment from : Benoit Auclair

Hey buddy I also noticed on my paycheque that I pay something like FIT and PIT I work in a bank however I’ve noticed when noticing another people’s pay stubs some of these people don’t pay FIT and PIT why’s that? Comment from : TravelwithRG

What's the rate for tax withheld from cpp pension when starting getting at age 60 and still working ? Comment from : Abdullahi W Osman

This is probably the best channel I’ve come across in a long time Thank you for all the information and value you provide Comment from : Arturo Olvera

Wow, thank you so much Finally I learned about many thin mgs you share You are awesome 👌 keep doing more I am going to like share and subscribe to your channel Comment from : Pavan Velamuri

Wow!! I hope the $40 extra a month doesn't make you go crazy Never felt so rich, lol to bad a loaf of bread is $4, and a jug of milk is $10 or eggs being $5 Comment from : popperyan989

New vids' out on my channel We would appreciate it if you give it a watch Thank you! Comment from : Thraving

Nice ! Im looking foward to see a Corporation topic vidéo👍 Comment from : William Roy

Hi Adrian, thanks for the video and it came a question, i check it out my pay stub and i notice my company is deducting the taxable benefits from my pay, means I'm paying for it, so i checked my last T4 and also is there the total on box 40 This means I'm paying this taxable benefits twice? Comment from : Marcio Silva

My friend can you create a vlog that can tell "How much you receive from CPP" if anyone retire now Comment from : JAGADEESH SAKURU

what is the best gold stock to buy in Canada stock market, thank you Comment from : Zaid Al

How much is the employer share from those mandated deductions pls? Comment from : Dexter Castillo

Really Good interesting explanation Comment from : Kathir Krishna

Incredible information that every Canadian needs to know This should be standard curriculum in schools Good work and keep it up! Comment from : Jason B

I was done watching and was about to close the video when I heard you say “Don’t for get to Like and Comment…” and that brought me back LOL Comment from : AceVenturaXii

How do I create pay stub for my self as the only employee of the company i owen? And where i keep that CPP and income taxes money ? Comment from : Ali Shaeb

You are incredibly amazing Adrian I can’t thank you enough Comment from : Ali Shaeb

Great video I do have a question though - if you are an employee of an organization and also have your own company and decide to pay yourself a salary, will you pay the CPP deduction again? Is this not capped for every person irrespective of you being an employee and also a business owner Comment from : jerry sanusi

Hey Adrian, which is the easiest way to contact you if I have a question? Comment from : Riccardo Casotti

Cpp is still a tax if you and your spouse die your beneficiary only gets a one time payment of 2500 Comment from : Brandon Menssa

Hi Adrian,brCould you please tell me how I can get the loyalty membership? Because some of your videos need loyalty membership so please let me know Thank you Comment from : Shara Naga

This is a great service for the nation brYou are a hero of the country brYou enlighten people by your knowledge brI respect you for your professionalism brKeep up the great work Comment from : Karim Karami

Adrian, you are the missing piece of the financial puzzle for me and so many others who learned to budget and save but were lost when it came to investing Thank you for your hard work and integrity It is so thrilling to see your channel grow I'm so glad that you're able to turn your gifts and passion into a meaningful career with a good income I hope your investment growth outperforms your channel growth and you get to retire young In a very short time you've single-handedly changed so many lives for the better Comment from : Graham

I’d love to get a full video on how CPP really works and how to contribute more, and if it will benefit you in the long run I used to always hear about making the last few years count for CPP because what you contribute when younger wouldn’t matter as much as the last 3 to 5 years, which seemed like flawed logic to me and still does So a video detailing just CPP would be awesome Comment from : HITMAN934

Tax tax everywhere love canada haha Comment from : Konoha noMori

Great video, learned a lot, thanks! I wish these videos were available when I first came to Canada, it would have saved me a lot of confusion If I can make a suggestion, I'd like to know about RRSP and other pension contributions off the paystub, and how they reduce taxable income Also, does CPP reduce taxable income? I was not able to find that information Thanks again and keep up the amazing work! Comment from : stnlpl

Wow!!clear and crisp explanation!! Thanks for the detailed info Appreciate the effort 👏 Can you mention about the std deductions also while calculating the tax Comment from : Varun Kambrath

Where is EI? Comment from : Argo S

Great video thanks Adrian for sharing Comment from : camdyyy

Hello Adrian Thank you so much for your videos I have a question: I just arrived to Canada on December 13, 2022, and I started working on December 19, 2022 My first 2 week of work were in 2022, but I received my first payment on January 6, 2023 Does this income count towards 2022 or 2023? Comment from : Fernando Sicilia

I work in a company so how can I make sure I maximize CPP contribution ? Comment from : Rama Health & Beauty

if i die before i get my CPP, when does the money go? will my children get it back?bri didn't know about taxable benefit wow, i have to pay tax even though my employer provided me the benefit as part of my compensation package it's less attractive than it sounds as i am still paying for part of the benefits myself Comment from : MS

" Half for you and the other half goes to your government To live la vida loca there i help you all understand Comment from : I didnotdoit

What are the best stocks to be investing for a beginner? I have some of FTSTO, TTO, XIC and XEI I am going more towards ETF's with the no commission to re-invest and later going into individual stocks Comment from : Razzle

Hi Adrian, thanks for the video!! Great as usual From what I understand, when you're self-employed, you need to pay CPP double the amount as a regular employee Comment from : Tahar Saada

This video should be featured in every Company's onboard training My HR never explained me in this much detail Comment from : Puneet Sharma

Adrian never misses! This video is so informative - thanks Adrian!! Comment from : Adrian William

Your cumulative tax is 42 Pretty high for an income on pace for $63,758 for the year In the USA the all-in tax would be about 13 to 22 depending on which state you live in Of course, you get free healthcare in that mix and other such benefits Comment from : Roy Piper

Hi Adrian Can you share from where we should buy TurboTax as i found one in my local Shoppers Drugmart? And is It a one time payment or a monthly/yearly payment to TurboTax? And is TurboTax required? And when does one create account with CRA for tax? Comment from : Abdul Hannan Sohail

Hi Canadian in a T-Shirt, if you are self-employed shouldn't your CPP contribution be 119 ? Comment from : Diogo Santos

what software do you use to create your paystubs and payroll? Comment from : Tyler Groves

Hey, Adrian thank you for the info Can you tell us what is the new Quantum ai, please?thanks Comment from : aby wasg

About Taxable benefits, my employer also provide health insurance, this year, I added my girlfriend to my employer health insurance, that means that I will have to pay more taxes on it, but how much ? And how can I calculate how much my girlfriend owes me ? Thanks! Comment from : Youssef Hallouly

I've been working for 10 years and today I understand my pay cheque! thanks!! Comment from : Renae Thomas

Adrian, working payroll for 15 years, hear are some tips re: payroll stubs & taxes:brbr1) PDOC (Payroll Deduction Online Calculator) is a useful tool to determine how much CPP, EI, Federal & Provincial Income Tax will be withheld on pay cheques Very helpful when finding out your changes in net pay in the next year, start a new job, move to another province, have a pay increase, or pay cut, or updates with your TD1 formsbrbr2) Paystubs will remunerate YTD CPP, EI, Income Tax totals, so the cheque on the last payday, ie payment date, will coincide with the numbers on your T4 from your employer It can get you a headstart of your tax planning before receiving the T4 in the time beingbrbr3) TD1 forms to your employer Make sure you fill out these forms correctly (not an exhaustive list here:) with a new employer, take on another job, change your primary employer, retirement age, receiving CPP benefits, leave post-secondary studies, change marital status, have dependents, have children, etc That way, your net pay will be exact, and not deal with a tax shock from tax deficiencies, or overtaxed by not taking full use of tax credits during the yearbrbrI advised my employees over the years, so they can keep the most after-tax pay, and have no troubles with their taxes, when they file with the CRA Comment from : J Lo

This is great! Could you make a video about taxes for parents with children in post-secondary school? What expenses (if any) parents can claim? I think rent is not eligible Is anything? Comment from : Lori Williams

it's really a good time to refresh these things at the beginning of each year Comment from : Raymond

Very valuable info , Well done This vlog answer all my question in pay stub I will send this to my children Thank you Adrian Comment from : Linda Antonio

Adrian - could you pls tell me that if employer matches for RRSP How would taxes work ? Can i claim my own monthly contributed amount at the end of the year or its been already taken care by the company accountant? Comment from : Ravit Sharma

Can you also make the video if someone does gigs work(Uber, DoorDash, SkiptheDish, Instacart) how can submit the taxes and how to note the expenses like (gas or car maintenance) Comment from : Raheel Vlog

Which app is good to do personal bookkeeping? Also noted that investment in it and taxes Comment from : Raheel Vlog

Hi Adrian…what do you think of TD Easy Trade? I’m thinking of clicking your link to Questrade so I can get real time live corks quotes on my investments With Easy trade, I can only check the balance is a day later Comment from : Ginger C

Doesn't your corporation also have to pay an equal CPP payment, therefore doubling the amount? Comment from : Katherine Jaconello

If you think you get cpp back, know it's capped if you have rrsp or other pensions from say a skilled trade Comment from : chris white

Related My PAY STUB in CANADA 2023 // PAYROLL DEDUCTIONS - Income TAX, CPP u0026 EI // Canadian Tax Guide Ch 12 videos

Canadian PAY STUB in 2023 explained | Gross Pay, Deductions, Income Tax, CPP, EI РѕС‚ : CPAinGTA Download Full Episodes | The Most Watched videos of all time

What are CPP, EI, and Income Taxes - Statutory Deductions for Canadian Payroll РѕС‚ : Fintech Academy is NOW FinTech College Download Full Episodes | The Most Watched videos of all time

How to Calculate Canadian Payroll Tax Deductions - Guide РѕС‚ : HelpSMEvideo Download Full Episodes | The Most Watched videos of all time

Money Network Pay Stub Portal Login | Sign In Pay Stub Portal with Employee ID u0026 PIN РѕС‚ : Login Helps Download Full Episodes | The Most Watched videos of all time

Guide to Payroll Deductions for Employers (Canada) РѕС‚ : GTA Accounting Download Full Episodes | The Most Watched videos of all time

Tax Planning, Tax avoidance, Tax Evasion, tax planning u0026 Management, Taxation Laws, Income Tax РѕС‚ : DWIVEDI GUIDANCE Download Full Episodes | The Most Watched videos of all time

5 HUGE Tax Deductions to Save THOUSANDS in 2023! | Canadian Tax Credits u0026 More! РѕС‚ : Griffin Milks Download Full Episodes | The Most Watched videos of all time

How To Make A Pay Check Stub Online For Your Employee Using Check Stub Maker РѕС‚ : Welding and stuff Download Full Episodes | The Most Watched videos of all time

How Tax Works for Immigrants in Canada - Income Tax, Sales Tax, Taxable income РѕС‚ : Make That Change Download Full Episodes | The Most Watched videos of all time

Top 10 Tax Write-Offs for Small Businesses in Canada - Tax Deductions Explained РѕС‚ : Jessica Moorhouse - Canadian Personal Finance Download Full Episodes | The Most Watched videos of all time