2021 Payroll Deduction Table for Prince Edward Island

Employment Insurance

Maximum insurable earnings: $56,300
Maximum employee premium: $889.54
Maximum employer premium: $1,245.36

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: $61,600
Basic exemption: $3,500
Maximum employee premium: $3,166.45
Maximum employer premium: $3,166.45

Self-employed maximum premium: $6,332.90

Employer and employee contribution rate: 5.45%

Self-employed: 10.9%

Federal & Provincial income tax

Basic deduction:

Federal:

• $151,978 or less enter $13,808
• More than $216,511 enter $12,421
• Between $151,978 and $216,511 either:
  • get form TD1-WS and calculate partial claim; or
  • Enter $12,421

Provincial: $10,500

Worker's Compensation

Maximum insurable: $55,300 per person

Based on classification

Information on the employer surplus is available.

As of April 1, 2020: $12.85

As of April 1, 2021: $13.00