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2021 Payroll Deduction Table for New Brunswick

The new year has started which means making updates to payroll deductions. To help you out, we’ve prepared a summary chart including all the 2021 rates for CPP, EI, taxes and more.

Deduction

Rates

 

Employment Insurance (EI)

Maximum insurable earnings: $56,300
Maximum employee premium: $889.54
Maximum employer premium: $1,245.36 

Employee: 1.58 per 100
Employer: 1.58 x 1.4 = 2.21%

Some employees related to the employer may be exempt from paying Employment insurance – please read our article to learn more.

CPP

Maximum pensionable earnings: $61,600
Basic exemption: $3,500
Maximum employee premium: $3,166.45
Maximum employer premium: $3,166.45

Self-employed maximum premium: $6,332.90

Employer and employee contribution rate: 5.45%

Self-employed: 10.9%

Federal  & Provincial income tax

See tax tables for different income levels.

Basic deduction:
Federal:

  • $151,978 or less: $13,808
  • More than $216,511: $12,421
  • Between $151,978 and $216,511 either:
    • Get form TD1-WS and calculate a partial claim; or
    • Enter $12,421

Provincial: $10,564

Workers’ Compensation

Maximum insurable: $67,100 per person

Based on classification

For more information on WorksafeNB rates and our lobbying efforts please see our web post.

Minimum wage

Starting April 1st 2021: $11.75 per hour

April 1, 2020 - March 31, 2020: $11.70

If you have questions about payroll deductions please call us at 1 888 234-2232 or email atlantic@cfib.ca 

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Topics in this Article: Payroll Taxes

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