EI/CPP qu. Calling JonboyE!!
Sep 21st 2010 | 4:47 am
#1
Thread Starter
Slightly Canadian
Joined: Jul 2005
Posts: 10,146
From: St. John's, Newfoundland
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
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
Sep 21st 2010 | 4:50 am
#2
Joined: Jul 2005
Posts: 15,883
Re: 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
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
Yes you will get any overpayment back when you file your 2010 income tax.
Sep 21st 2010 | 4:54 am
#3
BE Forum Addict
Joined: May 2006
Posts: 1,379
From: GTeh?
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.
Sep 21st 2010 | 4:55 am
#4
Binned by Muderators
Joined: Jul 2007
Posts: 11,708
From: White Rock BC
Re: 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?
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?
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.
Sep 21st 2010 | 4:56 am
#5
Moderαtor Emeritus
Joined: Sep 2003
Posts: 30,771
From: Upstate South Carolina
Re: EI/CPP qu. Calling JonboyE!!
I started from scratch again when changing jobs mid year.
Sep 21st 2010 | 5:18 am
#6
Thread Starter
Slightly Canadian
Joined: Jul 2005
Posts: 10,146
From: St. John's, Newfoundland
Re: EI/CPP qu. Calling JonboyE!!
Thks all. Guess I'll regard it as an enforced savings mechanism.
