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part time employee,inc0me tax c0ntributi0n calculati0n

bitoyzz

Star Member
Sep 19, 2011
139
1
hi. I am working 2 part time jobs,43 hrs and 39hrs in alternating week respectively at 11per hr. They are paying me weekly. They only deduct a little amt for cpp and ei. How much do i have to pay m0nthly to cra for d tax? If you are n0t a fultime employee, the employer d0esnt c0ntribute for d tax?is there a penalty if i dont pay every m0nth?thanks all
 

Jonboy

Star Member
Sep 10, 2010
97
7
White Rock, BC
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d tax?

As an employee you calculate any under or overpayment of taxes when you file your tax return. If you end up owing more than $3,000 the CRA may ask you to pay installments in future years but there is nothing to worry about until they do.
 

bitoyzz

Star Member
Sep 19, 2011
139
1
Jonboy said:
d tax?

"d tax" i mean, how to calculate for the amount of tax that i have to pay to cra every month...thank you for your reply

As an employee you calculate any under or overpayment of taxes when you file your tax return. If you end up owing more than $3,000 the CRA may ask you to pay installments in future years but there is nothing to worry about until they do.
so there is no penalty if i dont pay monthly taxes this time?