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2022 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 2022 rates for CPP, EI, taxes and more.

Deduction

Rates

 

Employment Insurance (EI)

Maximum insurable earnings: $60,300
Maximum employee premium: $952.74
Maximum employer premium: $1333.84

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: $64,900
Basic exemption: $3,500
Maximum employee premium: $3,449.80
Maximum employer premium: $3,449.80

Self-employed maximum premium: $6,999.60

Employer and employee contribution rate: 5.70%

Self-employed: 11.4%

Federal  & Provincial income tax

See tax tables for different income levels.

Basic deduction:
Federal:

  • $155,625 or less: $14,398
  • More than $221,708: $12,719
  • Between $155,625 and $221,708 either:
    • Get form TD1-WS and calculate a partial claim; or
    • Enter $12,719

Provincial: $10,817

Workers’ Compensation

Maximum insurable: $67,100 per person

Based on classification

More information on how WorksafeNB determines their assessment rates is available on their website.  

Minimum wage

Until March 31st 2022: $11.75 per hour

Starting April 1st, 2022: $12.75 per hour

Starting October 1st, 2022: $13.75 per hour

If you have questions about payroll deductions please call us at 1 888 234-2232 or email [email protected] 

January 6, 2022

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Topics in this Article: Payroll Taxes

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