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Old 06-14-2010, 02:10 PM   #6
taylor192
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Quote:
Originally Posted by mo_bettah View Post
Thank goodness I'm a contractor
How do you figure? CPP is 9.9% of income, and an employer pays 1/2 - thus I only pay 4.95% up to about $2100.

You OTOH pay the full 9.9% since your employer pays none.

That is unless you have a company and are paying yourself via dividends - thus no CPP.
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