How do I calculate my surplus income?
August 6th, 2014 by Questions
Is the only deduction allowed to calculate any surplus income the income tax deductions that comes off my earning? Are the amounts for C.P.P. and E.I. also taken off when considering any surplus income? Also, I have medical insurance (started as Blue Cross many years ago) that is automatically withdrawn from my account….would that premium also be deducted when calculating surplus income??
Posted from: Ontario
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)