Jobs and Taxes

Understand Your First Paycheque

Learn why deposited pay may be lower than the hours you calculated.

6 minutesBeginnerReviewed July 23, 2026Lesson 10 of 15

Hourly wage multiplied by hours does not always equal the amount deposited. A pay stub separates gross pay, deductions and net pay.

Gross pay

Gross pay is earnings before deductions and may include wages, overtime, vacation pay or bonuses.

Common deductions

Possible deductions include income tax, CPP or QPP, Employment Insurance, benefits and other authorized deductions.

Amounts depend on income, location, payroll period, age and employee information. There is no universal percentage, and this site does not estimate one for you.

Age matters for CPP. Contributions generally begin the month after an employee turns 18, so a younger worker may see no CPP line at all. Workers in Quebec contribute to the QPP under its own rules. Confirm your own situation with the CRA or, in Quebec, Revenu Quebec.

Net pay

Net pay is the amount remaining after deductions.

Review your hours, wage, gross pay, deductions and net pay.

Example

Gross pay: $540 · Deductions: $58 · Net pay: $482. This is an example, not a universal tax calculation.

Try this

  1. 1Open the Paycheque Decoder tool.
  2. 2Enter each deduction shown on your own pay stub.
  3. 3Review the net pay and percentage removed.
Check your understanding

3 questions

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Questions completed: 0 of 3

Question 1 of 3
What is the difference between gross pay and net pay?
Question 2 of 3
Which items commonly appear as deductions on a Canadian pay stub?
Question 3 of 3
Your pay stub shows an amount you do not understand. What should you do?

Official sources

Educational content only. TaxLoophole.ca provides general educational information and does not provide personalized tax, legal or financial advice. Rules may change and may differ based on your province, territory and circumstances. Verify important decisions with the Canada Revenue Agency, another appropriate government source or a qualified professional.

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