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SS Tax Deduction Calculator

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  • SS Tax Deduction Calculator

    Next year, I'm going to start paying SS and I will be doing it so that I pay less tax at the source (pay cheque). Is there a calculator where I can see how much less tax I will pay from my pay cheque based on SS amount?

    Thanks

  • #2
    Plug all your numbers - once with SS and once without SS in here

    TaxTips.ca - Canadian tax calculator

    This indicates your final tax amount owing ... which may be different from what your employer withholds from each paycheque (since that is just based on a crude estimate of taxes).

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    • #3
      Thanks a lot!

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      • #4
        you are able to fill in an ajustment of witholding from your employer - once they have the signed document they can adjust the taxes they collect accordingly.

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