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Canada Revenue Agency: 2 Big Changes Coming to Your 2021 Paycheck

By  External Author |   | Posted in " Accountants, accounting firms in vancouver bc, Accounts Payables / Receivables, business accounting, Corporate & Personal Tax Returns, corporate tax services, March 2016, personal tax services, September 2012, Tax & Benefits, tax return preparation "

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Did you get your first paycheck for 2021? The deductions might seem higher. This is because the Canada Revenue Agency (CRA) has increased the paycheck deductions for 2021. Two of the biggest changes that your paycheck must have witnessed are a rise in Employment Insurance (EI) premiums and your contribution towards the Canada Pension Plan (CPP).

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Original Article Source Credits: The Motley Fool, https://www.fool.ca

Article Written By: Puja Tayal

Original Article Posted on: February 3, 2021

Link to Original Article: https://www.fool.ca/2021/02/03/canada-revenue-agency-2-big-changes-coming-to-your-2021-paycheck