Calculating the seizable portion of your income

Once you have established your gross monthly income, you must calculate the seizable portion, which is the amount you will pay as a voluntary deposit.

To calculate the seizable portion of your monthly income, you must determine the amount of your monthly exemption as specified by law. You can do this using the table of exemptions for calculation of the seizable portion of your income.

Seizable portion

The seizable portion of your income is 30% of the amount remaining after you subtract your monthly exemption (B) from your gross monthly income (A).

Example 1

Your gross monthly income is $2,640 (A). Because you have two dependants, your monthly exemption is $1,893.98 (B).

Calculate of the seizable portion
DetailsAmount
Gross monthly income (A)$2,640.00
Monthly exemption (B)- $1,893.98
Difference (subtotal)$746.02
Seizable portion (30% of the difference)$223.81

If you receive a salary, you must complete the calculation for each pay period and deposit the seizable portion of your income within the time limit.

Example 2

You receive wages of $600 each week (A). Because you have two dependants, your weekly exemption is $437.07 (B).

Calculate of the seizable portion
DetailsAmount
Gross weekly wages (A)$600.00
Weekly exemption (B)- $437.07
Difference (subtotal)$162.93
Seizable portion (30% of the difference)$48.88

Support payments

If you are making support payments to another person, you can still register for voluntary deposit. In this case, the seizable portion will be 50% (rather than 30%) of the difference between your income and your exemption.

For more information on this topic, see the page Special rules if support payments are owed.

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