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The government also administers the Employment Insurance program, which provides income replacement to people whose employment has been terminated or who are otherwise out of the labor market due to illness or injury. Income replacement payments and EI benefits are based on your gross salary. They are paid to you by your employer, through a financial institution or other financial institution (for private employees) or through an employment insurance trust fund. Most employers don't administer payroll by way of an external service, instead relying on an internal payroll service to perform some or all of the payroll processing. The payroll service may send your paychecks directly to the CRA or to an external agent. Payroll deductions include regular deductions related to the PAY/EI tax filing, payslips, and payments made to your payee or payer and any additional deductions associated with your pay conditions. The CRA issues a payroll deduction order to every employer when you file your income tax and benefit return for the year. The order specifies who pays for payroll processing services, how much your employers must pay each employee and how much tax must be deducted (paid out of your own taxes) from each pay check you issue. There are three payroll deductions that you have to keep track of: Regular payroll deductions — These include the following: Social Insurance Number (SIN) deductions. ) deductions. Payslips. Payments made by your payroll service, including the following: payroll deductions, earnings, pensionable earnings, EI premiums, etc. In addition to the deductions on your paychecks, your payroll service will also take deductions from your pay for special deductions, such as benefits, taxes, etc. If your employer pays additional amounts to your payer, your payroll service will pay out the remaining amount. Examples of special deductions can include, but are not limited to, benefits related to an injury, income and expenses related to your employment, EI expenses, sick and parental leave, relocation and travel costs for the pay period, tuition, training reimbursement, health and dental insurance and employment insurance. The CRA may audit you for any deductions made from your pay because they do that for the federal government. You have to keep records for each pay period to support your deduction claims.

Who needs a Paycheck Stub Blank?

A Paycheck Stub Blank is supposed to be used by an employer in order to notify their employee that payment has been made for their services. Both an employer and an employee can benefit from delivering a Paycheck Stub. On the one hand, employees get to know all the important information on their wages and deductions. On the other hand — a Paycheck Stub assures an employer that the payment is correct.  

What is the Blank Pay Stub for?

The fillable blank payroll check template is designed to calculate the salary of employees, e.i. It indicates the earnings depending on the number of hours worked, the taxes applied, and the total net payment.

Is the Paycheck Stub accompanied by other forms?

An employer does not have to supplement the Pay Stub with any other forms or documents.

When is the Blank Paycheck Stub PDF due?

The Paycheck Stubs are given to employees on their paydays. Depending on the job they are engaged in, the pay can due once a month on a set date, twice a month or once a week.

How do I fill out the fillable paycheck stub template?

To be properly recorded, the Stub must bear information about the following:

• Employer (name, telephone, address)
• Employee (name, SIN, address)
• Period of labor performance
• Pay date
• Salary (earnings, rate, hours, current, year to date)
• Gross pay
• Deductions
• Net pay

Where do I send Paycheck Stub Blank?

The Paycheck Stubs are to be sent to employees for their consideration and personal records.

Hey guys Elena here and today I am going to guide you through how to understand your paycheck so you just got your first paycheck and you see all of this money taken out I'm sure that you're both bit confused and frustrated so let's get started to understanding what this paycheck stub is really telling us so there are two main sections of your paycheck stub there's the earnings and then you have your deductions the earnings part is pretty straightforward it shows your rate and in this case it's $9 in the number of hours in each pay period which is 50 this comes out to four hundred and fifty dollars and this is your gross pay so your gross pay is the money that you make before taxes and deductions now let's take a look at the deductions side so here on the right you have some of the common tax deductions that are subtracted from your gross pay these taxes include your federal income tax and state income tax which is here in here and these taxes help pay for things like roads military school police departments and much more and then you've got the Federal Insurance Contributions Act or FICA in these taxes include Medicare and Social Security these taxes are used to help fund federal government programs for retirement and disability then you see other deductions here we have health insurance in 401k this may or may not show up on your paycheck depending on where you work but sometimes you would help pay for your company health insurance and 401k is what would be your company funded retirement plan which you can choose to contribute to so once we subtract these deductions we come out to your net pay so this is pretty important to pay attention to this is the money that you actually take home and have to live on and in this case we have four hundred and eighteen dollars so long story short your net pay is basically your gross pay - your tax deductions I hope this tutorial helped you understand your paycheck a bit better and of course if you have any questions or requests for other tutorials just hit me up

What is the Blank Pay Stub for? The fillable blank payroll check template is designed to calculate the salary of employees, e.i. It indicates the earnings depending on the number of hours worked, the taxes applied, and the total net payment.