Question about Canadian paycheck deductions?

No-you can't do this-for the most part;If you're paying in to a (company associated)pension plan that allows you to do so (like an RRSP plan)-you might be able to cut back your contribution-even then-there's likely still a minimum.You can adjust the amount (upward)that you pay in to CPP for example,and any overpayment would be refunded at income tax time.Likewise you can-in some places ask your employer to take out MORE income tax(so when you do your income tax there's no sudden financial "hit" on you)The income taxes drawn out in most cases has to be paid in by the employer at the very least quarterly.Employers are required by law to submit this money to the government by these deadlines on your behalf-even self -employed small business owners have to do this.(I am one)

In the case of EI premiums they have to also be submitted to the government by the employer following the quarterly tax deadlines.(Which the employer has to also pay in $1.40 for every 1.00 you pay in)

So..as far as paying it all at the end of the year-it'd be rather awkward-it'd be hard for your employer-the EI would get all messed up with their contributions and theirs-You'd essentially be borrowing money for all this stuff from your employer for them to pay in quarterly (by law)-then their are other issues like "what if you get laid off"(you have to be actively paying in to EI to get it )-or ..you could quit your job at the end of the year -and move to Bermuda or something without paying..Not to mention the fact the government needs the money to "keep going"-to pay doctors and police and all the government services-they probably wouldn't be to happy if they only got paid at the end of the year after everyone paid in their lump sum.

Canadian Paycheck Deductions

Great idea, but too many people would spend the money instead of putting it in "a low risk investment".

The government learned long ago (1942 to be precise) that it needs to get its money upfront, so deductions at source are required by law.

Yes you can do that.

At least my company gives me the option.

Ask your HR department