Tag: EI

2024 CPP & EI Rates update

12/08/202312/08/2023 TaxDeep No Comments

Get ready, starting from next month, your net income will decrease due to increased taxes! The treatment of the Canada Pension Plan (CPP) on the personal income tax return has changed since 2019. This means that, in the case of a regular maximum contribution of $3,867.50, $631.00 will be deductible on the T1 (rather than…

Bookkeeping, Update

EI claim processing wait period

12/09/201902/07/2022 TaxDeep No Comments

Feeling bad, when you lost your job. But even worth is after you applied EI (Employment insurance), the fund seems take forever to arrived in your bank account. Follow-up the status of your claim (a.k.a Callback) A callback request is sent by call centre agent when EI claimant tries to follow-up the status of their delayed…

Tax Tips