Consider The Following Pop-Up
Example Calculations of Additional Payroll Taxes
| $50,000 | Normal annual T4 salary |
|---|---|
| $1,500 | Company contribution to the employees Group RRSP (3% T4 Salary) |
| $51,500 | New higher income for payroll tax purposes |
| $1,500 | Extra income that has Employer Health Tax, CPP, Ei, and WCB applied to it! |
| $171.18 | Extra Payroll taxes paid by the company |
| $102.45 | Extra Payroll taxes paid by the employee |
| $273.36 | Total Extra Taxes Paid |
