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Old 01-04-2012, 02:09 AM   #1
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Maximizing your Paycheck

anyone know how to calculate how much to instruct payroll to deduct of cpp, ei, with an rrsp deduction etc so that you get the biggest paycheck each period and have a zero tax return?
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Old 01-04-2012, 02:47 AM   #2
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Old 01-04-2012, 07:12 AM   #3
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Old 01-08-2012, 09:59 PM   #4
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Quote:
Originally Posted by pankrationisfun View Post
anyone know how to calculate how much to instruct payroll to deduct of cpp, ei, with an rrsp deduction etc so that you get the biggest paycheck each period and have a zero tax return?
Reducing income tax deductions

Fill out the appropriate forms and give to HR. Note that you'll need to update your provincial and federal tax forms.

Kilinim: You tard, it can be spelled paycheck too.

Paycheck | Define Paycheck at Dictionary.com
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Old 01-08-2012, 10:32 PM   #5
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Originally Posted by DaFonz View Post
Reducing income tax deductions

Fill out the appropriate forms and give to HR. Note that you'll need to update your provincial and federal tax forms.

Kilinim: You tard, it can be spelled paycheck too.

Paycheck | Define Paycheck at Dictionary.com
check is an americanism, cheque (as in paycheque) is the English, and thus Canadian way of spelling it, I believe.

We're splitting hairs, though.

CPP and EI are only of concern if you earn enough to max them out. RRSP, well as far as paying no tax/getting no tax refund, you'd better lead a pretty simple income life (which is not a good thing) to get it spot on

this post was probably not at all helpful
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Old 01-13-2012, 10:37 AM   #6
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i alwasy just wait till the end of the year and put in how ever much rrsp is needed to not have to pay, or more if i've got the cash to get a refund
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