2014 Canadian Payroll Deductions: Quick Reference Guide

Marlo Hertling

Get all the Canadian Payroll deduction information you need from our quick reference guide.

Canada Pension Plan (CPP) & Québec Pension Plan (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

Looking for the 2015 Guide? Click here.

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About the Author

Marlo Hertling

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.

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