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

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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 : @CanadianTShirt

The government reduced little on your paycheque but increased on Carbon tax damn And who takes most of the hard earned money from hard earned Canadians the people who are working on minimum wage or the ones who want to keep work and life balance by working less and getting quarterly cheque
Comment from : @Hazara26

did you make this payroll sheet in excel? or accounting software has this payroll sheet? can u please let me know the software?
Comment from : @financeslf625

Hey Adrian! I love this video, it was very helpful It was very easy to take notes about Canadian taxes Keep going! You rock
Comment from : @ThisisJohnDiaz

this man is genius pls make more videos on payroll processing
Comment from : @farnaazkauser1993

Im having a hard time to understand the t4 And paystub Thank you so much i finally understand everything Very detailed and giving examples is very hepful
Comment from : @kimberlybenjamin2835

do you have a playlist on incorporating in ontario?
Comment from : @jaethegoddexx

Hi can i get my may months pay roll from my emplyoer
Comment from : @BalwinderKaur-qb6wi

say an employer is paying cpp and ei of a hired caregiver but the employer is employed by another business and is paying his/her cpp and ei (*not self-employed) will the employer still pay part of his ei and cpp apart from the one he is paying the caregiver?
Comment from : @dianaazul859

I have accounts back groundSo,how I can access to learn Payroll and taxation systems please?brI need the training institute center address
Comment from : @weldebrhanhalefom3061

So what happens when you are in lower pay grade and you do not contribute to full CPP and EI annual contribution?
Comment from : @vaisakh03

How can a self-employed person to contribute to EI? Are they eligible? Thank you very much!
Comment from : @nicolasbai2010

what is the YTD for
Comment from : @GURPREETSINGH-qc2eh

Thanks so much for your video have a question: why the taxable benefits did not deduct from your Gross pay?
Comment from : @emergingM

Clearly explained The best Canada Payroll Tax channel I have found so far Thank you!
Comment from : @upishararuwan1881

Very nicely explained
Comment from : @Deepakphor4

5 stars for this video, Thank you!!
Comment from : @andresfelipe8605

Hi Adrian, thank you for the useful video I was wondering which services or software do you use to do your payroll? Thank you!
Comment from : @Diana-zh4sh

Great video ! Very well explained🤝🏾
Comment from : @youngdube

Thank you so much!! I am so happy to see someone do that for people in Canada!
Comment from : @mariamhm7131

Thanks for making this video Your videos are very helpful and always explains everything in detail
Comment from : @Ankit_V

Thanks, Adrian You’re doing an amazing job
Comment from : @olenievart

You are talking to much
Comment from : @Hopeless9388

This is great, thank you
Comment from : @rfeshaye1643

Thank you Adrian for such an informative video I've a few questions for someone working in Canada (BC) but not a Permanent resident Or Citizen of Canada eg I am here on a work permit (temporary resident visa) I know I would have to leave the country If I lost my Job and Because I am not a citizen I might have to leave the country at some time I won't need EI and CPP benefits Would I be eligible to stop these deductions? Can you help with a video for such scenarios for a broader audience?
Comment from : @piyushsingh9610

So when are those taxable benefits paid? When would that $10031 come into play again?
Comment from : @SoulJah876

one of the best videos on this topic on YT
Comment from : @dishita_shorts

An awesome video Very helpful Keep it going!
Comment from : @shaynyoe

Great job!!!
Comment from : @ramican9155

Shouldn't a self employed's CPP amount include both the employee and the employer amount? Does the example of $197 include both?
Comment from : @rashedislam7011

Exceptional video Very well explained Thank a lot
Comment from : @AbhishekVaid

Please tell me you have a video on paying WSIB properly 😂
Comment from : @Steve-us1ue

Thank you I have a question about Year-to-Date (YTD) calculations When changing companies during the year, how is the YTD amount calculated for the second company? Is it started from 0, or should it be added to the first company's contributions? Thank you
Comment from : @shenxueyun

In my may stub vacation earned is also shown
Comment from : @jasspreetsingh661

Hey for self employed CPP contribution rate is 1190 right?
Comment from : @VaibhaviPatel-k7e

That a wonderful explanation thank you so much 🙏
Comment from : @kabikis1994

Want happens if your employer makes an error in the pay stub??
Comment from : @poojinderkaur2926

Great video love from India 🙂
Comment from : @ankushkumar-vw5pg

The income tax should be taxed at 305 in 2023 you forgot to add the provincial tax
Comment from : @BK-no5ui

❤
Comment from : @dhirendrasah0209

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 : @ParameshwaranIyer-p4u

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 : @samuelmoisan9249

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 : @alk4210

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

How about vacation pay ?
Comment from : @dothan3525

Thank you for video Always very clear
Comment from : @ricardoaldana2137934

Amazingly explained 😊
Comment from : @RashadAhmadAriaFaizy-vm3gi

always great, appreciated
Comment from : @Amanuel-xh8gy

Thank you :D
Comment from : @StoneChild9

How can i give more than 1 thumb up?
Comment from : @thebunnyteeth_

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 : @froggoman4756

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 : @MaheshMahifunride

Hi, I am a new subscriber Love your channel Do you have tax, budgeting and investing calculators to share!!! Thanks
Comment from : @jatindeepbahl

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 : @EmadGohari

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 : @Hockey16471

Thanks so much for your videos Adrian! So helpful
Comment from : @jin6000

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 : @KingLos861

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 : @juliestone2789

was very helpful
Comment from : @orvilleallison

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

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 : @ericjohnson8586

What a great video, I learned so much about taxes and how it affects my money GREAT WORK 👊🏾
Comment from : @poweeezy666

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 : @alexandrosachilleas7162

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 : @Bynming

Let's meet for coffee
Comment from : @azamarabear

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 : @CarlosDanielAlboresSotelo

Love you videos, so informative!!!
Comment from : @elenabucuci119

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 : @kylemccormack1785

Can you do a video on a bonus payment breakdown? I’m a big fan of your channel
Comment from : @jja3305

This is so useful Amazing
Comment from : @agustinadrianuy7498

Hey, awesome video In your breakdown of the salary paystub, I see fed tax but no provincial tax Why is that?
Comment from : @abhisekkonar362

How much money you make from this channel?
Comment from : @leah_simson

Do minors get EI deduction back in canada?
Comment from : @BenoitAuclair

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 : @boyman9787

What's the rate for tax withheld from cpp pension when starting getting at age 60 and still working ?
Comment from : @AOsman-dhigane1921

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 : @arturoolvera6254

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 : @velamuripavan

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 : @popperyan9897

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 : @williamroy211

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 : @marciosilva822

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

what is the best gold stock to buy in Canada stock market, thank you
Comment from : @ayaalmuttaem7036

How much is the employer share from those mandated deductions pls?
Comment from : @dextercastillo5170

Really Good interesting explanation
Comment from : @kathirkrishna3315

Incredible information that every Canadian needs to know This should be standard curriculum in schools Good work and keep it up!
Comment from : @jasonb2928

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

You are incredibly amazing Adrian I can’t thank you enough
Comment from : @ashoaibus

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 : @jerrysanusi3414