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Payslips and withholding

Record each payslip, catch the ones that go missing, and see whether the year's tax withholding is running ahead or behind while pay periods remain.

Last updated 2026-09-07

Use this page to record what each payslip printed — gross pay, the tax withheld, the QPP, EI and QPIP premiums, and net pay — and to see the year as a whole rather than one job at a time.

Every employer withholds as though it were your only one. With two jobs, neither sees the other's pay, so both start the tax brackets from zero and both apply every annual premium ceiling from zero. This page adds them together, which is the one thing no employer can do for you.

Everything here is an estimate from what you entered. It is not a tax return, it is not filed anywhere, and none of it is checked against CRA or Revenu Quebec records.

Before you start

Add each employer with how many pay dates it has in a year — 26 for biweekly, 24 for semi-monthly, 12 for monthly.
Have your payslips to hand. Both columns matter: the pay period's own amounts and the year-to-date totals printed beside them.
Quebec only. The figures assume a Quebec resident with Quebec source deductions.

How to use it

Add each employer once, with its pay frequency.
Record a payslip for each pay date: the period amounts, and the year-to-date column when the slip prints one.
Check the ledger for flagged slips. A payslip that does not balance, or a year-to-date total that has run ahead of the slips on file, is shown rather than absorbed.
Read the withholding assessment. When it can be produced, it shows the gap for the full year and what that gap is per remaining pay period.
Link a payslip to the deposit transaction it produced if you want the two tied together.

Why the year-to-date column matters

The year-to-date column is your employer's own running total, and it is treated as the authoritative figure. The payslips you have recorded should add up to it.

When they do not, something is missing or duplicated — and rather than quietly using a total that is too low, the page says so and stops producing an assessment for that employer. A gap is shown as a gap.

What the page can tell you

Figure	What it means
Effective withholding rate	Tax withheld divided by gross, per employer and combined. No tax rules are involved — it is a ratio of what was printed.
Premiums past the ceiling	QPP, EI and QPIP have annual maximums, taken from the same rate table as the brackets. Two employers each withhold up to the full maximum, so the excess is money you have already overpaid. It comes back when you file.
Withholding gap	The full-year tax the model computes on your projected pay, against what your employers are on course to withhold.
Per remaining pay period	The gap spread across the pay dates still to come — the number that makes the difference between finding out now and finding out in April.

What the estimate does not include

The model covers employment income and a small set of common amounts. It is wrong by whatever these would have changed if any apply to you:

Any income that is not employment income — self-employment, investments, capital gains, dividends, rent.
A spouse's income, and any credit that depends on family income.
Credits and deductions beyond the basic personal amounts, the employment amounts, the deduction for workers, and the QPP, EI and QPIP amounts — no tuition, medical, donations, childcare, or transferred amounts.
Refundable credits and benefit payments of any kind.
Living outside Quebec, or changing residency, marital status, or jobs part-way through the year.

Common mistakes

Entering only the period column when the slip also prints a year-to-date column — without it, a missing payslip cannot be caught.
Recording a pay date in the wrong year. A slip belongs to the year it was paid in, not the year the work was done.
Setting the pay frequency to 26 for a year that actually has 27 pay dates, which projects the whole year short.
Counting a payroll RRSP deduction twice by also entering it as a personal contribution for the same tax year.
Reading the assessment as a filing figure. It is an estimate from your own entries, and it does not know about most of your credits.

Common questions

Why does it say the year cannot be assessed?

Either a payslip is missing, an employer has no usable history to project from, or there is no rate table for that tax year yet. An assessment built on any of those would be a different number, not a slightly wrong one, so none is shown.

Do my RRSP contributions count?

Payroll contributions come from the payslip figures. Personal contributions count when you have designated the tax year they are deducted for, which is the same rule the registered-plan room summary uses.

Can it read my payslip PDF?

No. Payslips are entered by hand, the same way transactions are. Nothing is uploaded, parsed, or sent anywhere.

Is this tax advice?

No. It is arithmetic on figures you entered, using published rates. It does not file anything, does not check anything with a tax authority, and is not a substitute for advice or for your return.

Where this lives in the app

Transactions
Every money movement in TallyFolio is a transaction. Learn the types, the statuses, and how to keep them categorized.
Investments and registered plans
Record contributions and withdrawals, and keep a personal estimate of TFSA, RRSP, and FHSA contribution room.
Export your data
Download your record as CSV files, restore core data from a TallyFolio export ZIP, or export just the filtered view you're looking at.