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.
Employment Insurance (EI)
Maximum insurable earnings: $56,300
Employee: 1.58 per 100
Some employees related to the employer may be exempt from paying Employment insurance – please read our article to learn more.
Maximum pensionable earnings: $61,600
Self-employed maximum premium: $6,332.90
Employer and employee contribution rate: 5.45%
|Federal & Provincial income tax|
See tax tables for different income levels.
Maximum insurable: $67,100 per person
Based on classification
For more information on WorksafeNB rates and our lobbying efforts please see our web post.
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 [email protected]