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 Updated with 2012 rates! This applies to you if you have a regular job with a salary over about $48,000 per year. We all have to pay CPP and EI, these are deducted at source by your payroll. Both CPP and EI have a maximum annual amount, and that payroll does not spread out the amount throughout the year. The net effect is your take home pay is less at the start of the year, until you reach your maximums.
In 2012, CPP employee contribution rate remains unchanged at 4.95%, and the maximum annual pensionable earnings has gone up from $48,300 to $50,100. If you work it out, with the basic exemption, you have to pay $2,306.70 CPP in 2012. That is an increase of $89.10 or 4% from last year (last year it went up 3% and the year before 2% which is an interesting trend).
For EI, the maximum annual insurable earnings is changing from $44,200 to $45,900 and the EI rate increased to 1.83% for 2012. If you calculate that, you will pay a maximum of $839.97 for EI in 2012. 
In the above table, you can see that for an income of $50,000 annually, you have reached your maximum at 11.2 months. It was 10.8 months in 2011, so things are continuing to get worse. For December you get an extra $282 in your pay - just in time for holiday spending or topping up your RRSP. The more you earn, the sooner you reach your maximum CPP + EI. At a salary of $100,000 you get an extra $565 per month from June through to December. Even more to put into your RRSP... | An excel file of the calculations is found here 
For 2012 CPP info, check here, for 2012 EI info check here
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Pat
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UnoddLftu
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