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CHAPTER 04
NET PAY FORMAT
MANUALLY PAY STATEMENT
Taxable Payment
= Gross Taxable Earnings
Non-Taxable Earnings = Total Gross Payment GTE
- Group Term life insurance taxable benefit
**= Pensionable Earnings GTE
= Insurable Earnings** GTE
- Group Term life insurance taxable benefit
- Deduction for enhanced C/QPP contribution 0.
= Net Taxable Income (NTI) Statutory Deductions − C/QPP contributions $0.00 × 5.95% 0.
- 2nd C/QPP contributions $0.00 × 4.00% 0. − EI premiums $0.00 × 1.66% 0. − QPIP premiums Not applicable − Income tax [federal + provincial (except Quebec)] − Quebec income tax Not applicable Authorized Deductions − Company Compulsory Deductions − Voluntary Deductions − = Total Deductions = Net Pay (Total Gross Payment − Total Deductions)
