Employee deductions
Your paystub should show CPP contributions, EI premiums where applicable, federal income tax withheld, and any custom deductions. These reduce gross pay to net pay.
Owner-manager payroll
Know the payroll deductions behind your own salary
Owner-managers often treat payroll as an accountant-only task. But if you pay yourself salary, you should understand the deductions that appear on each paystub and the remittances your corporation owes CRA.
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Employer portions
Your corporation also owes employer CPP and EI amounts. These do not reduce your net pay, but they matter for CRA remittances and payroll cost planning.
Why records matter
Clean paystubs make T4 preparation, mortgage income proof, and payroll remittance reconciliation easier. They also give your accountant a better audit trail.
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Start freeFrequently asked questions
What payroll deductions apply when an owner-manager pays salary?
Owner-manager salary paystubs generally show CPP, EI where applicable, federal income tax, and any custom deductions. The corporation may also owe employer CPP and EI portions.
Are employer CPP and EI deducted from my net pay?
No. Employee deductions reduce your net pay, while employer portions are additional payroll costs paid by the corporation and included in CRA remittances.
How do paystubs help with CRA payroll remittances?
Each paystub records the employee deductions and net pay for a period. Those figures help calculate the total CRA remittance when combined with employer CPP and EI portions.
Related Canadian payroll guides
CRA Payroll Remittance Deadlines for Self-Incorporated Canadians
When and how to remit payroll deductions to CRA as a self-incorporated Canadian. Monthly due dates, what to include, penalties for late remittances, and how to stay compliant.
CPP and EI Deduction Rates for 2026: What You Need to Know
The 2026 CPP and EI rates for employees and employers, the basic exemption, maximums, and how deductions are calculated per pay frequency.