Practical guides on Canadian taxes, payroll deductions, paycheques, and personal finance.
On a $60,000 salary, biweekly pay is $2,307.69 per cheque and semi-monthly is $2,500.00 — the same money, split 26 ways instead of 24. Here’s what actually changes, how to find your three-paycheque months, and which schedule suits your bills.
Vacation pay is 4% of gross wages in most of Canada, rising to 6% with service — but Saskatchewan starts at three weeks and Newfoundland makes you wait 15 years. Here’s the province-by-province breakdown, worked examples, and how to check you’re being paid correctly.
At $70,000 in Ontario, your 2026 marginal tax rate is 29.65% but your average rate is just 16.83%. Here’s what separates the two numbers, why a raise never leaves you with less, and which rate to use for RRSP contributions, overtime and budgeting.
A deduction labelled “CPP2” just appeared on your pay stub mid-year? That’s the second CPP contribution — 4% on earnings between $74,600 and $85,000 in 2026, max $416. Here’s why it shows up suddenly and what it buys you.
CPP has two ceilings in 2026 — $74,600 for the base 5.95% and $85,000 for the 4% CPP2 tier. Here’s when each deduction stops at every salary level, why they wind down in stages, and what happens in January.
If your EI deduction suddenly vanished from your pay stub, you’ve hit the 2026 maximum of $1,123.07. Here’s when it happens at every salary level, what it means for your net pay, and the January catch to plan for.