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2020 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 2019 rates for CPP, EI, taxes and more.

Deduction

Rates

 

Employment Insurance (EI)

Maximum insurable earnings: $54,200
Maximum employee premium: $856.36
Maximum employer premium: $1,198.90 

Employee: 1.58
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: $58,700
Basic exemption: $3,500
Maximum employee premium: $2,898.00
Maximum employer premium: $2,898.00

Self-employed maximum premium: $5,796.00

Employer and employee contribution rate: 5.25%

Self-employed: 10.5%

Federal  & Provincial income tax

See tax tables for different income levels.

Basic deduction:
• Federal: $12,298 (subject to change)
• Provincial: $10,459

Workers’ Compensation

Maximum insurable: $66,200 per person

Based on classification

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

Minimum wage

 

As of April 1, 2019: $11.50 per hour.

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