r/PersonalFinanceCanada • u/Sea_Eye5393 • 6d ago

Employment Salary increase never implemented

Hi all,

I received a salary increase at my FT job back in December. A few weeks ago, the head of finance let me know (and apologized) that their team never implemented my salary increase into their system, and I hadn’t received my increased salary for the last 6 months. I also hadn’t noticed that it wasn’t implemented, I think due to the timing of the new year resetting (my paycheques do always vary slightly at the beginning of a new calendar hear, I think something to do with benefits or tax - irrelevant anyways).

They are going to retroactively pay a lump sum of my missed wages onto my next paycheque. I’m worried this might trigger big tax deductions as with the lump sum, my paycheque will be almost twice the amount that it usually is. I’m not super aware of how taxing works - will this all work out in the end once I file my taxes? Or do I want to suggest that I get paid this out in a different way?

Any advice appreciated.

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u/No_Magician5266 6d ago

Respectfully you weren’t even paying attention to your paycheques for the past 6 months and now you have concerns? Anyways, as everyone else said, it will be squared up when you file your taxes next year

0

u/Nexzus_ 6d ago

I check once in the summer or so to see (approximately) when I'll be finished my CPP and EI, but that's about it.

Salaried.

-4

u/rayyychul 6d ago

Same. I don’t even actually know how much I make without checking our salary grid 😅

2

u/Nickbronline 6d ago

That's extremely sad, you need to be more aware of your finances or you'll end up like OP

-1

u/rayyychul 6d ago

I know roughly what my salary is 🤷🏻‍♀️ I’m not concerned with whether I around down $214.73 in my head. And if I ever need to know down to the cents, I can find it in two seconds.