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On a $60,000 salary in Ontario, a biweekly pay stub shows about $2,307.69 gross, $129.30 CPP, $37.62 EI and $320.02 income tax, leaving $1,820.75 in 2026. Over the year that adds up to $47,340 net. Your T4 will show the same deductions in boxes 14, 16, 18 and 22. All figures are estimates.
What does a biweekly pay stub show at $60,000?
A person paid every two weeks gets 26 cheques a year. The stub below divides each yearly figure by 26, which is how payroll spreads CPP, EI and tax over the year. A real stub can differ by a few dollars, because payroll software withholds tax from a table, not from this formula.
| Stub line | Each cheque | For the year |
|---|---|---|
| Gross pay | $2,307.69 | $60,000 |
| CPP | $129.30 | $3,362 |
| EI | $37.62 | $978 |
| Income tax withheld | $320.02 | $8,320 |
| Net pay | $1,820.75 | $47,340 |
What will the T4 show at the end of the year?
The T4 slip your employer sends in February 2027 reports the whole year in a handful of boxes. The CRA’s description of the slip says box 14 is employment income, box 16 the employee’s CPP contributions, box 18 the employee’s EI premiums and box 22 the income tax deducted. Boxes 24 and 26 hold the pay used to work out EI and CPP. For this salary the expected values are:
| T4 box | What it holds | Amount |
|---|---|---|
| 14 | Employment income | $60,000.00 |
| 16 | Employee’s CPP contributions | $3,361.75 |
| 18 | Employee’s EI premiums | $978.00 |
| 22 | Income tax deducted | $8,320.50 |
| 24 | EI insurable earnings | $60,000.00 |
| 26 | CPP pensionable earnings | $60,000.00 |
The employer’s own share of CPP and EI never appears on your T4. Details are on the Canada Revenue Agency: T4 slip. Keep it for your 2026 return, due 30 April 2027, since box 14 and box 22 feed straight into it.
How are the CPP and EI lines worked out?
Both are simple percentages, and you can check them by hand. CPP is 5.95% of pay above the $3,500 yearly exemption: ($60,000 minus $3,500) times 5.95% gives $3,361.75. EI is 1.63% of insurable earnings: $60,000 times 1.63% gives $978.00. Neither has reached its ceiling, which is $74,600 for CPP and $68,900 for EI, so both are taken from every cheque all year.
Why is income tax $8,320 on a $60,000 salary?
Because it is the sum of two layers. Federal income tax comes to $5,338 and Ontario tax to $2,982, which includes the Ontario Health Premium of $600 at this income. Together that is 13.9% of gross. The enhanced part of CPP, $565, is deducted from income, so the taxable income used is $59,435. From there the federal rates of 14% up to $58,523 and 20.5% above apply, and the basic personal amount and the Canada employment amount take a good bite out of the result.
Ontario starts at 5.05% and moves to 9.15% above its first bracket. The Ontario surtax does not reach this income, since Ontario tax stays under the first surtax threshold. Official brackets are on the Canada Revenue Agency: Canadian income tax rates for individuals.
How can I check my stub against the year-to-date column?
Most stubs carry a year-to-date column, and it is the quickest test of whether payroll is on track. Because CPP, EI and tax come off evenly at this salary, the totals grow in a straight line. After a given number of cheques you can multiply the per-cheque lines from the stub table above.
| After this many cheques | Gross to date | CPP to date | EI to date | Tax to date |
|---|---|---|---|---|
| 6 (about mid-March) | $13,846 | $776 | $226 | $1,920 |
| 13 (about end of June) | $30,000 | $1,681 | $489 | $4,160 |
| 26 (year end) | $60,000 | $3,362 | $978 | $8,320 |
The year-end row matches boxes 14, 16, 18 and 22 of the T4. If your totals run well above these, look for a bonus, a raise or taxable benefits. If they run below, check whether a TD1 claim is lowering the tax withheld. A job change mid-year puts two T4 slips on your return, and the CPP and EI you paid at each can add up to more than the yearly maximum. The excess is refunded when you file. Neither limit comes close to being touched on this salary, so that is rare here.
Where does each $1,000 of gross pay go?
A quick way to picture the stub is to scale it to $1,000. Of every $1,000 of gross, $89 goes to federal income tax, $50 to Ontario tax, $56 to CPP and $16 to EI. That leaves $789 for you. The payroll lines are flat percentages, while income tax is the part that changes if your pay or claims change.
Why might my real stub look different?
A few ordinary things move it. A TD1 form with extra claims (a spouse amount, tuition, disability) cuts the tax withheld. Union dues, a group RRSP or a pension plan come off the stub as well. Taxable benefits, such as an employer-paid group premium, raise the pay used for tax without adding cash. The number of pay periods also matters: a semi-monthly stub splits the same year into 24 parts. See the Ontario TD1 form for how the claims work.
Whatever the stub says, the real tax is settled when you file. If too much was withheld you get a refund, and if too little, you owe the difference. The T4 slip explained walks through the other boxes, and the take-home pay calculator lets you test your own pay and RRSP contributions.
Where does this information come from?
The T4 box descriptions come from the Canada Revenue Agency’s T4 slip page; the CPP, EI and tax rates come from the CRA; every dollar figure is an estimate from this site’s own pay engine for an Ontario employee with basic credits only, as of October 2026. Checked in October 2026. This is an independent information site: we provide no services, we do not represent the CRA or any organization, and we do not guarantee that anything here is accurate or current. We accept no liability for decisions based on it. Check the official source before you rely on it. See the full disclaimer.
Frequently asked questions
What does box 22 on my T4 mean?
Box 22 is the income tax your employer deducted from your pay during the year, federal and provincial together. On a $60,000 Ontario salary the estimate is $8,320.50. It is a credit on your return, not the final tax.
Why is my T4 box 14 not the same as my net pay?
Box 14 is your pay before deductions, so it is $60,000 here. Net pay is what is left after CPP, EI and tax, which is about $47,340 for the year. Box 14 also includes taxable benefits and bonuses.
Do I pay CPP and EI on every cheque at $60,000?
Yes. Pay of $60,000 is under the $74,600 CPP ceiling and the $68,900 EI ceiling, so both keep coming off every cheque until December. Higher earners hit the ceilings and see take-home rise late in the year.
How much do I get every two weeks on $60,000 in Ontario?
About $1,820.75 per cheque in 2026 after income tax, CPP and EI, an estimate with basic credits only. A monthly employee would see about $3,945.
Does the employer pay extra CPP and EI on top?
Yes, the employer pays its own share on top of your wage, but it never appears on your stub or your T4. Your deductions are the amounts in boxes 16 and 18.
All payroll and salary calculators
- How Canadian income tax works: brackets and credits
How federal and provincial Canadian income tax stack up, what marginal and average rates mean, and how credits and deductions change your bill
- Ontario income tax and sales tax in 2026
How Ontario income tax works in 2026: the five brackets, the surtax and health premium, the 13% HST, and the calculators that switch to Ontario