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 |
Employee: 1.62 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 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 |
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]
Print Article
Save to my Resources
Share this Article
