Credits & Deductions

Deductions from Pay for 2018: PEI

Have you ever wondered just how much of your earnings are going to tax, and how much you are actually taking home? It’s important to know how much you take some so that you can properly keep a budget of your income and expenses.

Here is how much you would have taken home in 2018 if you lived in Prince Edward Island (PEI), broken down for salaries of $30,000, $100,000 and $250,000.

 

Gross Salary / Pension Income: $30,000

Tax Deducted (Federal + Provincial): $4,446

CPP Deducted: $1,312

EI Deducted: $498

Net Take Home Pay for 2018: $23,744

Monthly Pay: $1,979

Semi-Monthly Pay: $989

Bi-Weekly Pay: $913

 

Gross Salary / Pension Income: $100,000

Tax Deducted: $28,475

CPP Deducted: $2,594

EI Deducted: $858

Net Take Home Pay for 2018: $68,073

Monthly Pay: $5,673

Semi-Monthly Pay: $2,836

Bi-Weekly Pay: $2,618

 

 

Gross Salary / Pension Income: $250,000

Tax Deducted (Federal + Provincial): $99,954

CPP Deducted: $2,594

EI Deducted: $858

Net Take Home Pay for 2018: $146,594

Monthly Pay: $12,216

Semi-Monthly Pay: $6,108

Bi-Weekly Pay: $5,638