This report offers several important recommendations to governments on how to modify payroll taxes to enhance small business growth and competitiveness, such as delaying the introduction of the second CPP/QPP earnings threshold increase, lowering EI premiums for small businesses, and gradually phasing out provincial payroll taxes.
Workers’ compensation insurance is entirely funded through mandatory employer premiums and investment earnings. This snapshot provides an overview of the latest funding levels of provincial and territorial boards, outlines the benefits of direct rebates for small businesses across Canada, and highlights payroll rules that add cost and complexity for employers.
A new calendar year requires updates to your payroll deductions. To help you out, we have prepared a chart with both federal and provincial/territorial payroll deductions for 2026.