2022 Payroll Deduction Table for Newfoundland and Labrador

To help you out with payroll deductions, we’ve prepared a summary chart including all the 2022 rates for HAPSET, CPP, EI, taxes etc.

Deduction	Rate
Health and Post-Secondary Education Tax (HAPSET) Exemption Threshold is $1.3 million	Based on payroll Payroll tax of 2% on payrolls above exemption threshold More information on the Dept. of Finance website.
Employment Insurance (EI) Maximum insurable earnings: $60,300 Maximum employee premium: $952.74 Maximum employer premium: $1,333.84	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: $64,900 Basic exemption: $3,500 Maximum employee premium: $3,499.80 Maximum employer premium: $3,499.80 Self-employed maximum premium: $6,999.60	Employer and employee contribution rate: 5.7% Self-employed: 11.4%
Federal and Provincial income tax	Basic deduction: Federal: $155,625 or less enter $14,398 More than $221,708 enter $12,719 Between $155,625 and $221,708 either: get form TD1-WS and calculate a partial claim; or enter $12,719 Provincial: $9,803
Workers' Compensation Maximum insurable: $69,005 per person	Based on classification. Want to reduce your WorkplaceNL bill? read our information on PRIME.
Minimum wage	As of October 1, 2021: $12.75 As of April 1, 2022, the minimum wage will increase to $13.20

Health and Post-Secondary Education Tax (HAPSET)

Exemption Threshold is $1.3 million

Based on payroll

Payroll tax of 2% on payrolls above exemption threshold

Employment Insurance (EI)

Maximum insurable earnings: $60,300
Maximum employee premium: $952.74
Maximum employer premium: $1,333.84

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: $64,900
Basic exemption: $3,500
Maximum employee premium: $3,499.80
Maximum employer premium: $3,499.80

Self-employed maximum premium: $6,999.60

Employer and employee contribution rate: 5.7%

Self-employed: 11.4%

Federal and Provincial income tax

Basic deduction:

Federal:

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

Provincial: $9,803

Workers' Compensation

Maximum insurable: $69,005 per person

Want to reduce your WorkplaceNL bill? read our information on PRIME.

Minimum wage

As of October 1, 2021: $12.75

As of April 1, 2022, the minimum wage will increase to $13.20

February 4, 2022