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How do you tax vacation pay?

By Peter Proszanski |

Sue asked:

How am I suppose to be taxed on my vacation pay?

Peter Proszanski answered:

Thank you for your question. In a nutshell, assuming that an employee’s vacation time is simply added to their employment remuneration, the vacation time is then taxed in the same manner as the gross remuneration.

For future reference, here is a great link from CRA:

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