Online calculator tools help with payroll deductions and automobile benefits

(NC)—Quick, easy, and precise calculations are just a few clicks away on the Canada Revenue Agency's (CRA) Web site for both payroll deductions and taxable automobile benefits.

The Payroll Deductions Online Calculator (PDOC) is available on the CRA Web site to calculate payroll deductions, including Canada Pension Plan (CPP), Employment Insurance (EI), and federal and provincial tax (except for Quebec provincial tax). The PDOC applies the exact salary amount to determine the tax deductions, making for more precise calculations.

It also provides the required employer share of CPP contributions, EI premiums and the total remittance required by the employer, while allowing you to save your work in multiple formats (Web page, html file, text file, etc.).

Calculating taxable benefits attributed to employees who have personal use of an automobile owned or leased by a business is also easy using the Automobile Benefits Online Calculator. The calculator allows you to calculate the estimated automobile benefit for withholding purposes based on the information you provide.

For information about the Payroll Deductions Online Calculator, go here, and for information about the Automobile Benefits Online Calculator, go here.

- News Canada