Bi-Monthly Resident Pay

[anxious_101]

I just got my first bi-monthly PGY1 payment and it's $2105. I can't seem to figure out how that works out based on the paro scale as stated on their webpage and pasted below. I opted to not have my taxes deducted at source. Can anyone shed light on how this breaks down? Or what a fellow PGY1 got as their first payment? Thanks.

 

 

Paro pay info:

Annual Salary

$55,825.76

Gross Semi-monthly Pay

$2,326.07

Income Tax      

$422.08

Canada Pension Plan

$107.92

Employment Insurance    

$43.73

Long Term Disability

$9.82

PARO Dues

$30.70

Net Semi-monthly Pay

$1,711.82

 

[rmorelan]

seems pretty close to what I would expect with the tax withheld (CPP, EI, PARO, and LTD are of course still going to come out). Off by a little bit still.

[ellorie]

I got like 1800 and I asked to have my tax not deducted at the source.  I'm just kind of waiting for my pay stub to try to figure it out.

[thatonekid]

Yeah, there's been a difference in the paro site and pay stubs for every R1 I know.

[rmorelan]

Yeah, there's been a difference in the paro site and pay stubs for every R1 I know.

 

interesting! In what way - so far I see a rather minor difference there.

[thatonekid]

interesting! In what way - so far I see a rather minor difference there.

 

Not completely sure, but from first glance, it seems PARO deductions are greater on the pay statements than as quoted on the PARO site.

[makingfetchhappen]

 

I just got my first bi-monthly PGY1 payment and it's $2105. I can't seem to figure out how that works out based on the paro scale as stated on their webpage and pasted below. I opted to not have my taxes deducted at source. Can anyone shed light on how this breaks down? Or what a fellow PGY1 got as their first payment? Thanks.

 

 

Paro pay info:

Annual Salary

$55,825.76

Gross Semi-monthly Pay

$2,326.07

Income Tax      

$422.08

Canada Pension Plan

$107.92

Employment Insurance    

$43.73

Long Term Disability

$9.82

PARO Dues

$30.70

Net Semi-monthly Pay

$1,711.82

 

I don't understand the question. The info that you cut and pasted from the website includes income tax deductions, which you opted out of. 

 

If you take the net semi-monthly pay they estimate and add the stated tax back in, the difference between your pay and that figure is less than $30. That's not that much. Government deductions might have changed slightly, or the EI estimate could be off. You stop paying EI once you hit a yearly maximum, so the figure stated there might be an average for the year.