How ToUse the C. R. A. Online Pension Calculator

How ToUse the C. R. A. Online Pension Calculator

The CRA Online Pension Calculator is a tool that can be used by those seeking to know what monthly income that they can expect after income tax deductions. Keep in mind in most instances you do not need to worry about CPP and UI deductions.

Go to the CRA web site for the .CRA Payroll Deductions Online Calculator

1. Keep the date that is displayed in the first box. Ignore the Employees Name and Pay period

2. Go to “Select the province or territory of employment”.

3. Go to “Select the number of pay periods in the year”+ A drop Down menu appears when you click on the down arrow to the

right.+ Select “Monthly (12 pay periods a year)”

4. You are now set to go to the next step

+ Click with your mouse, on the “Salary/Bonus/Retroactive/Pension Calculation” and you will go to the next page.

It should say “Salary/Bonus/Retroactive/Pension” at the top of the page

Before you go any further you will need the gross amount of money you expect to be receiving each month. If you don’t know the amount go to the and take the annual figure you get there and divide it by 12. With that figure we are now ready for the next step.

CSSF Pension Calculator

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+ Click, with your mouse, on the downwards arrow to the right and a drop down menu will appear.

+ Select, with your mouse, Prince Edward Island if that is where you expect to be residing.

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5. Click on the “Determine gross income” button. The page named “Determine Gross Income” should appear.

6. In box that shows “Salary and wages” click, with your mouse, on the down arrow to the right. Select, with your mouse, “ Pension” from the drop down menu.

7. In the box to the right of “Pension” type in what your gross monthly income will be. That’s it for this page. Click, with your mouse, on the button.

Now you should be back to the “Salary/Bonus/Retroactive/Pension” page.

Once you are back on the “Salary/Bonus/Retroactive/Pension” page go down the page - you should see “Numbers of pay periods applied to (if applicable)” if there is the number 1 in the box to the right then you can move on to the next step.

8. The next box has “CPP deducted year to date.” Click, with your mouse, on the down arrow. A drop down arrow menu appears - SELECT

9. Next step is to do the same in the box showing “EI deducted year to date.” Click on the down arrow. A drop down menu appears - SELECT

“CPP Exempt.”

“UI Exempt.”

At this point lets do a quick check before we press the Button.

On the first page did you choose Prince Edward Island as your province and monthly as the number of pay periods? If you are not sure

you can hit the Back Button on your web browser to double check.Have you entered your gross monthly income? If you’ve entered it you will see it on the “Salary/Bonus/Retroactive/Pension” page where you will be doing your calculations.

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+ Make sure that the “Number of pay periods applied to” is set to “1".

+ Ensure that “CPP Exempt” and “UI Exempt” are selected.

+ If everything is in order you should be ready to perform the calculation.

+ Press the “Calculate” button

You will then be taken to the “Pension

Deductions Online Calculator” page

where you will find an itemized breakdown

of what you can expect for income tax

deductions from the federal and provincial

governments.

Please note that if you opt for one of the

various medical plans offered by Johnson’s

Insurance it will not be included within the

figures arrived at by the calculator.

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