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Glossary
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Canada Pension Plan  A national contributory retirement pension scheme.
(See page(s) 574)
Employee fringe benefits  Payments by an employer, in addition to wages and salaries, that are made to acquire employee benefits such as insurance coverage and retirement income.
(See page(s) 585)
Employee's gross pay  The amount an employee earns before any deductions for taxes or other items such as union dues or insurance premiums.
(See page(s) 577)
Employee's Individual Earnings Record  A record of an employee's hours worked, gross pay, deductions, net pay, and certain personal information about the employee.
(See page(s) 581)
Employee's net pay  The amount an employee is paid, determined by subtracting from gross pay all deductions for taxes and other items that are withheld from the employee's earnings.
(See page(s) 580)
Employment Insurance  An employee/employer-financed unemployment insurance plan.
(See page(s) 574)
Payroll deductions  Amounts deducted from an employee's pay, usually based on the amount of an employee's gross pay.
(See page(s) 572)
Personal tax credits  Amounts that may be deducted from an individual's income taxes and that determine the amount of income taxes to be withheld.
(See page(s) 572)
Wage bracket withholding table  A table showing the amounts to be withheld from employees' wages at various levels of earnings.
(See page(s) 575)







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