{"id":3045,"date":"2023-02-16T16:41:12","date_gmt":"2023-02-16T16:41:12","guid":{"rendered":"https:\/\/www.rbc.com\/en\/future-launch\/?p=3045"},"modified":"2023-03-22T21:15:17","modified_gmt":"2023-03-22T21:15:17","slug":"how-to-make-sense-of-your-first-paycheque","status":"publish","type":"post","link":"https:\/\/www.rbc.com\/en\/future-launch\/resource-type\/advice-tips\/how-to-make-sense-of-your-first-paycheque","title":{"rendered":"How to Make Sense of Your First Paycheque","raw":"How to Make Sense of Your First Paycheque"},"content":{"rendered":"\n
\n
\t\n\t
<\/div>\n\t\n\n\n
\n
\n
\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t

Financial Literacy<\/p>\n\t\t\t\t\t\t\t\t\t\t\t

Skills Development<\/p>\n\t\t\t\t\t\t\t\t\t\t\t

Advice & Tips<\/p>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\n

How to Make Sense of Your First Paycheque<\/h1>\n\n\n
<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
\"A<\/figure><\/div>\n<\/div>\n\n\n\t\n\t
<\/div>\n\t<\/div>\n<\/section>\n\n\n\n
\n
\t\n\t
<\/div>\n\t\n\n\n
\n
\n

You got your first job and now you’re about to receive your first paycheque. While your first question might be how much money is headed to your bank account, there’s a lot more information on a paycheque than you might expect.<\/p>\n\n\n\n

Why do you need to understand what’s on your cheque? For starters, it’s your money and being clear can be crucial to creating your budget. Reviewing your cheque can also help you gauge whether you’re paying enough in taxes. Finally, it’s important for making sure that you’re being paid the right amount.<\/p>\n\n\n\n

Ready to get started on the right foot financially with your new job? Here’s everything you need to know about reading your first paycheque.<\/p>\n\n\n\n

Gross pay vs. net pay<\/h2>\n\n\n\n

The two big numbers you may focus on are: gross pay and net pay.<\/p>\n\n\n\n