Thursday, December 29, 2011

The Canadian Taxpayers Federation

Even without any major tax hikes, Canadians' take-home pay will get a little lighter starting Jan.1.


The Canadian Taxpayers Federation says premium hikes for employment insurance and the Canada Pension Plan will take about $306 out of the pockets of both workers and employers in 2012.

The maximum pensionable earnings rise to $50,100 from $48,300.

That will take about $142 from employees who qualify for the maximum over the year.

The hit on employers is slightly more, $164.