Your 2021 Paychecks May Break Your Heart!
You may be aware that Federal Government decided to change the Federal Tax, CPP and EI. Following chart will show the major differences: How do these changes impact on your paycheck? If you earn $61,600 or above in 2020 you contributed $2,898 for CPP whereas you need to contribute $3,166.45 in 2021. Therefore, annually your …