Calculating Paycheck Worksheet

  Name:  ______________________________

  Occupation:  __________________________

  Average Annual Salary: _________________________

   Gross Monthly income:     _______________________

 

    Required Payroll Deductions

For federal and provincial tax deduction use this link to the calculation chart

                   Federal Income Tax:  _______________

                    Provincial Income Tax:   ______________

                    CPP:(4.95% of annual salary up to max. of  $1910.70)  ______________                                    

                    E.I:(1.87% of annual salary up to a max of $729.30) _______________

 

    Other Deductions: (to be aware of but not included in your calculations.                  
                                         Medical
                                         Pension Plan
                                         Union Dues

    Total Deductions:   _____________________

    Net monthly income after deductions: ___________