Tuesday 23 September 2008

Claim Codes

Claim codes are basically, depending how much you earn, how often, you pay more tax, more CPP, more EI
*CPP and EI have annual maximums. More earn= more pay

Net Pay

Net pay is how much money a person earns, after deductions. Deductions are amoubnts of money removed from gross pay for various reasons such as :

  • *taxes,
  • insurance(Accident/ life, health + dental),
  • *pension(CPP)
  • pension(company/corporate)
  • *(employment insurance)
  • payroll deductions