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Thread: CPP payments

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  1. #1
    Euphoric !
    Join Date
    Sep 2013
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    Sorry I have no idea! lol

    After all my deductions I ended up with approx. $14,000 of taxable income. On that I paid approx. $1200 for CPP and $250 for EI and another $200 in tax (I think - sorry not 100% on my numbers).

    How come you only had $4,000 in taxable income from March-December? That seems low. Do you have a bunch of deductions to transfer to your second year? I had over $10,000 in deductions for my 2nd year.

    If you don't feel comfortable with your accountant find someone who you have faith in. I don't mind paying good money for my taxes to be done. I know you can find places that are cheaper but cheaper isn't always best. I want someone who knows what they are doing and do it right!!
    Last edited by mickyc; 03-27-2014 at 08:03 PM.

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