A pay stub, which is a standard payroll procedure in Canada, is used to calculate the salary of every employee. A paycheck is also known as a pay cheque, or pay slip. It is a written document that an employer issues to an employee in order to pay them for services they have rendered. Pay stub is a record of employment earnings and usually contains information such as name, age, position, hours worked, date of birth, salary and deductions. It can be issued on the basis of receipt or within a short period after termination of employment. If you adored this information and also you wish to be given more details with regards to pay stubs online kindly go to the web-page. It may also include tax payments, if applicable.
Federal legislation requires that employees be paid by the due date. The pay period covers all wages earned during the month. Federal legislation also provide for the inclusion of certain amounts which are referred to as paid up front cash payments and quarterly payments. The main benefit of a paystub is that there are no errors related to omitted payments and there are no underpayment and overpayments.
A Canadian paystub will typically include a column to withhold. A portion of the gross salary of an employee is withheld until it is paid to the employer. The employee cannot deduct the withheld amount and it is included in the paytub that is received by the employer.
An important feature of paystubs … Read the rest