Co-op student tax query

[Trishaaa]

I am doing a four month Co-op from my college and I am an International student.
In my pay check I found that I am paying CIT( I believe that is Corporate Income Tax) which is really high, I wanted to understand if I am. supposed to be paying it? If someone can help me understand how it works thanks.

 

[steaky]

Calling CRA might help.

 

[Naheulbeuck]

I am doing a four month Co-op from my college and I am an International student.
In my pay check I found that I am paying CIT( I believe that is Corporate Income Tax) which is really high, I wanted to understand if I am. supposed to be paying it? If someone can help me understand how it works thanks.

CIT is Canadian Income Tax. It includes both provincial and federal taxes. And yes, Canada's tax can be pretty high. You may get some back when you file your taxes.
You may want to calculate the % of your gross and see what it comes up to.

 

[Naturgrl]

https://www.tpsgc-pwgsc.gc.ca/remuneration-compensation/services-paye-pay-services/paye-information-pay/lire-paye-talon-read-pay-stub-eng.html

How to read your pay stub. You will pay a lot of taxes and may be more or less depending on the province you live in. It is not Corporate Income Tax but Canadian Income Tax. Canadian workers pay a lot in tax and if you aren’t prepared for it, it will be a shock. HR can’t adjust it so you pay less tax.

 

[Trishaaa]

Thank a lot! Really appreciate all the help.
I'll do my further research on this and get a better understanding!

 

[Copingwithlife]

I am doing a four month Co-op from my college and I am an International student.
In my pay check I found that I am paying CIT( I believe that is Corporate Income Tax) which is really high, I wanted to understand if I am. supposed to be paying it? If someone can help me understand how it works thanks.

Go online and use the CRA payroll deductions calculator. Put in your information, province etc and see what the calculator comes up with


https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/payroll-deductions-online-calculator.html