Paycheque Decoder
Understand where every dollar of your paycheque goes. Enter your salary and see a complete breakdown of taxes, CPP, EI, and take-home pay.
Your Pay Details
Adjust your salary, province, and pay frequency to decode your paycheque.
Health, dental, vision plans
Employer pension plan (e.g. OMERS, HOOPP)
Your Pay Stub
Bi-weekly pay — Ontario
Pay Period
26 periods / year
Deductions
$5,397/yr
$2,167/yr
$3,064/yr
$896/yr
Where Your Pay Goes
Pay Breakdown
Annual Gross vs Net
Gross
$55,000
Net
$43,476
Effective Total Deduction Rate
You Keep
Did You Know?
Canadian payroll facts that might surprise you.
CPP is Matched by Your Employer
You pay $3,064/yr in CPP, but your employer contributes the same amount on top. That means $6,129/yr is going toward your future pension.
EI Premiums Have a Cap
Employee EI premiums are capped at $1,123.07 in 2026. Annualized estimates do not show when deductions stop during the year.
Your First ~$16,452 is Tax-Free
The federal basic personal amount means you pay $0 federal tax on approximately the first $16,452 you earn. Your province has its own personal amount too.
RRSP Contributions Lower Your Tax
If you contributed $5,000 to an RRSP, you could save approximately $998 in income taxes this year. That money grows tax-deferred until retirement.
Annual estimates only. Includes basic personal credits, Ontario surtax and the Quebec federal abatement. Excludes other tax credits, pension contribution tax relief, provincial tax reductions, the Ontario Health Premium and benefit clawbacks. Contributions assume a full eligible year in one jurisdiction; age exemptions and elections are not modelled. Actual payroll withholding varies during the year. Optional pension deductions reduce cash received but their income-tax relief is not modelled.