dealpig
Mar 26th, 2006, 01:39 PM
I'm trying to determine how accurately my employer is deducting taxes from my cheques so there are no big surprises when tax time comes.
I've taken a look at http://www.walterharder.ca/MarginalTaxRateCalculator.html and grabbed the figure for total average tax rate as well as total taxes payable (2005).
I have a variety of deductions taken off my cheque (CPP, EI, Federal Tax, death/disability coverage, dental, life insurance). Am I correct in assuming that the year to date figures for CPP + EI + Federal Tax constitutes the year to date figure of what I've paid in taxes?
Thanks for any help
I've taken a look at http://www.walterharder.ca/MarginalTaxRateCalculator.html and grabbed the figure for total average tax rate as well as total taxes payable (2005).
I have a variety of deductions taken off my cheque (CPP, EI, Federal Tax, death/disability coverage, dental, life insurance). Am I correct in assuming that the year to date figures for CPP + EI + Federal Tax constitutes the year to date figure of what I've paid in taxes?
Thanks for any help