The government requires all employees to deduct CPP (Canada Pension Plan), EI (Employment Insurance) and Income Tax. The current rates for each of these deductions are listed below.
Contribution Rate |
Maximum Pensionable Earnings |
Annual Basic Exemption |
Annual Maximum Contribution |
---|---|---|---|
5.95% |
$68,500.00 |
$3,500.00 |
$3,867.50 |
Contribution Rate |
Maximum Pensionable Earnings |
Annual Maximum Contribution |
---|---|---|
4.00% |
$73,200.00 |
$188 |
Premium Rate |
Maximum Insurable Earnings |
Annual Maximum Premium |
---|---|---|
1.66% |
$63,200.00 |
$1049.12 |
Annual taxable income ($) from |
Annual taxable income ($) to |
Provincial tax rate |
---|---|---|
$0.00 |
$51,446.00 |
5.05% |
$51,446.01 |
$102,894.00 |
9.15% |
$102,894.01 |
$150,000.00 |
11.16% |
$150,000.01 |
$220,000.00 |
12.16% |
$220,000.01 |
and over |
13.16% |
Annual taxable income ($) from |
Annual taxable income ($) to |
Provincial tax rate |
---|---|---|
$0.00 |
$55,867.00 |
15% |
$55,867.01 |
$111,733.00 |
20.5% |
$111,733.01 |
$173,205.00 |
26% |
$173,205.01 |
$246,752.00 |
29% |
$246,752.01 |
and over |
33% |