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What is Retro Pay

5 Aug 2012

Retro Payments

by Maria | posted in: Payroll Basics | 0

Considered to be in the same category as a bonus, a retro payment will tax the employee on a higher tax bracket than a regular pay cheque.  This happens because CRA (Canada Revenue Agency – better known as the “government”) … Continued

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Payroll Basics, retro pay calculation, retroactive payment, What is Retro Pay

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