Financial Literacy: Understanding Your Pay

New to the Canadian workforce? Watch and learn from this video, courtesy of the Canadian Payroll Association (CPA), the authoritative source of Canadian payroll compliance knowledge.

Find out what to expect when you get your first pay cheque. Why is your rate of pay different from what gets deposited into your bank account? What are the deductions like Canadian Pension Plan (CPP) and Employment Insurance (EI) all about? Understanding your pay statement is a vital component of financial literacy and can mean the difference between financial security and drowning in debt.

Interested in using our Understanding Your Pay video during Financial Literacy Month in November or presenting it to groups who would benefit? Contact us at uyp@payroll.ca!

You can also learn more about your pay during National Payroll Week (NPW), which happens every September. NPW is the CPA’s largest public outreach program, reminding working Canadians to “Pay Yourself First”!