EI/CPP qu. Calling JonboyE!!
 

Quick question relating to changing jobs during a tax year:

If one has paid up their EI/CPP contributions for the year whilst working for employer A and then moves to employer B, is it right (as my payroll folks are telling me) that they have to deduct EI/CPP premiums from me? Haven't I paid my dues already? And if they do, can I get my overpayment back at tax filing time?

TIA,
AX

Re: EI/CPP qu. Calling JonboyE!!
 

While we wait for JonboyE to answer part one I'll answer part three. ;)

Yes you will get any overpayment back when you file your 2010 income tax.

Re: EI/CPP qu. Calling JonboyE!!
 

Aha, that makes a lot of sense. I thought I got stung over the odds on my last paycheque.

Re: EI/CPP qu. Calling JonboyE!!
 

Yes

Yes.

You only pay the maximum amount for the year so you get the overpayment back when you file your tax return. In the meantime the CRA gets the employer's contributions from both employers.

Re: EI/CPP qu. Calling JonboyE!!
 

I started from scratch again when changing jobs mid year.

Re: EI/CPP qu. Calling JonboyE!!
 

Thks all. Guess I'll regard it as an enforced savings mechanism.;)