Get all the Canadian Payroll deduction information you need from our quick reference guide.
Canada Pension Plan (CPP) & Québec Pension Plan (QPP)
| |
CPP |
QPP |
| Maximum pensionable earnings |
$52,500 |
$52,500 |
| Annual basic exemption |
$3,500 |
$3,500 |
| Maximum contributory earnings |
$49,000 |
$49,000 |
| Contribution rate (%) |
4.95 |
5.175 |
| Maximum employee contribution |
$2,425.50 |
$2,535.75 |
| Maximum employer contribution |
$2,425.50 |
$2,535.75 |
Employment Insurance (EI) & Québec Parental Insurance Plan (QPIP)
| |
Federal EI |
Québec EI |
QPIP |
| Annual maximum insurable earnings |
$48,600 |
$48,600 |
$69,000 |
| Premium/contribution employee rate (%) |
1.88 |
1.53 |
0.559 |
| Premium/contribution employer rate (%) |
2.632 |
2.142 |
0.782 |
| Annual maximum employee premium |
$913.68 |
$743.58 |
$385.71 |
| Annual maximum employer premium |
$1,279.15 |
$1,041.01 |
$539.58 |
Worker's Compensation Rates (WCB, WSIB, & CSST)
| Province/Territory |
Maximum Assessable Earnings |
| British Columbia |
$77,900 |
| Alberta |
$92,300 |
| Saskatchewan |
$59,000 |
| Manitoba |
$119,000 |
| Ontario |
$84,100 |
| Québec |
$69,000 |
| New Brunswick |
$60,100 |
| Nova Scotia |
$56,000 |
| Prince Edward Island |
$51,100 |
| Newfoundland and Labrador |
$60,760 |
| Yukon |
$83,501 |
| Northwest Territories |
$84,200 |
| Nunavut |
$84,200 |
Pension Adjustment Limits
| Limit |
Amount |
| Money Purchase limit |
$24,930 |
| RRSP annual contribution limit |
$24,270 |
| Year's Maximum Pensionable Earnings limit |
$52,500 |
| DPSP annual contribution limit (1/2 of MP limit) |
$12,465 |
| Defined benefit limit |
$2,770.00 |
Federal TD1 Changes for 2014
| Federal TD1 Field |
2014 |
2013 |
| Basic personal |
$11,138 |
$11,038 |
| Child amount |
$2,255 |
$2,234 |
| Child amount (infirm) |
$4,313 |
$4,274 |
| Age amount |
$6,916 |
$6,854 |
| Pension income amount |
$2,000 |
$2,000 |
| Education amount (full-time) |
$465/mo |
$465/mo |
| Education amount (part-time) |
$140/mo |
$140/mo |
| Disability amount |
$7,766 |
$7,697 |
| Spouse or common-law partner amount |
$11,138 |
$11,038 |
| Spouse or common-law partner amount (infirm) |
$13,196 |
$13,078 |
| Amount for eligible dependent |
$11,138 |
$11,038 |
| Amount for eligible dependent (infirm) |
$13,196 |
$13,078 |
| Caregiver amount |
$4,530 |
$4,490 |
| Caregiver amount (infirm) |
$6,588 |
$6,530 |
| Amount for infirm dependent 18+ |
$6,588 |
$6,530 |
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About the Author
Marlo Hertling has worked with leading HCM organizations and has been helping Canadian companies implement HCM solutions for more than 15 years. She is the Vice President of People & Culture at Avanti Software Inc and serves as Avanti's HCM subject matter expert.
