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2019 Payroll Deduction Table for Prince Edward Island

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

Rate

Employment Insurance

Maximum insurable earnings: $53,100
Maximum employee premium: $860.22
Maximum employer premium: $1,204.31 

 

Employee: 1.62
Employer: 1.62 x 1.4 = 2.268%

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

CPP

Maximum pensionable earnings: $57,400
Basic exemption: $3,500
Maximum employee premium: $2,748.90
Maximum employer premium: $2,748.90

Self-employed maximum premium: $5,497.80

Employer and employee contribution rate: 5.1%

Self-employed: 10.2%

Federal  & Provincial income tax

 

Basic deduction:

• Federal: $12,069
• Provincial: $9,160

Worker's Compensation

Maximum insurable: $53,400  per person

Based on classification

Information on the 2019 employer surplus is available.

Minimum wage

As of April 1, 2018: $11.55

As of April 1, 2019: $12.25

 

If you have questions about payroll deductions please contact Business Resources at 1 888 234-2232 or [email protected]