1.2.1 Understanding your pay stub
For most of us, our main source of income is our job. Most people get paid through a biweekly or semi-monthly paycheque. But you may get paid irregularly if you do contract, consulting or seasonal work, or odd jobs.
Below is a sample paycheque and pay stub. This is for a person who gets paid an hourly wage of $17. (Note that in Quebec, paycheques also include deductions for provincial taxes.)
Your paycheque may show a deduction for vacation pay. This is a portion of your salary (ranging from four to six per cent) that you are entitled to receive as part of your pay. For most full-time employees, this equals two to three weeks of vacation annually with pay. Casual and part-time employees often receive their vacation pay on each paycheque. Employers usually keep vacation pay in a separate fund and pay it to you when you take your vacation. For some types of employment, it may show on the pay stub.
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