Did payroll taxes go up in 2018?
Any accountants or payroll managers want to comment?
Jan 11th, 2018 6:20 pm
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Jan 11th, 2018 8:47 pm
Hydropwnics wrote:"TodayHello is a certified hustler and original gangster."
Jan 11th, 2018 8:47 pm
Jan 11th, 2018 8:52 pm
Jan 12th, 2018 7:47 am
Jan 12th, 2018 11:21 am
I'm also in Ontario. If you go to Payroll Deductions Online Calculator on CRA website you can plug in your numbers and you will see the taxes haven't changed. Actually just for giggles I plugged in an imaginary number (bi-weekly, $2500 under salary) and then chose a date in December 2017 to see what it gave me. I took the same numbers and plugged in a date in January 2018 and it actually gave me a few dollars more in net pay.
Jan 12th, 2018 11:24 am
That was my first thought too (EI and CPP contributions), but OP said it was fed/prov tax, so that is puzzling. Tax rates have not gone up.
Jan 12th, 2018 11:27 am
The EI increase would be very minimal (I plugged in a bi-weekly salary of $2500 and the difference from last year worked out to about $0.75 per paycheque).badmus wrote: ↑ Ei went up for sure, the Cpp effect mentioned earlier should only affect you if you maxed Cpp last year. The federal and provincial minimums went up a little due to inflation but that would have reduced your taxes a little not increase it.
Here is the ei link https://www.canada.ca/en/revenue-agency ... imums.html
Jan 12th, 2018 11:32 am
Jan 12th, 2018 2:05 pm
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Jan 12th, 2018 2:39 pm
Jan 14th, 2018 3:42 am
Yea I actually noticed my pay check was a bit lower by a couple tens this period as well.DontCareyou wrote: ↑ Nope no union fees. The only thing that increased was my provincial/federal taxes...it's doesn't make any sense. I asked a family member who does payroll to see what's going on....
I guess the only option is to talk to HR and see what going on. I also really find anything online any payroll taxes going up. Usually when they do, there would be some articles on it...
Jan 14th, 2018 1:45 pm
Taxes did not rise. Go plug in the numbers in the payroll calculator online (I linked to it previously). I've put several different salary amounts in and compared December 2017 to January 2018 and taxes are not higher. Tax rates have not gone up, in fact all of my examples wound up with slightly more take home pay in 2018.
Jan 14th, 2018 1:52 pm
Jan 14th, 2018 1:54 pm
Chickinvic wrote: ↑ Taxes did not rise. Go plug in the numbers in the payroll calculator online (I linked to it previously). I've put several different salary amounts in and compared December 2017 to January 2018 and taxes are not higher. Tax rates have not gone up, in fact all of my examples wound up with slightly more take home pay in 2018.