2020 Payroll Deduction Table for Newfoundland and Labrador

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: $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%

Basic deduction:

Federal:

• $150,473 or less enter $13,229
• More than $214,368 enter $12,298
• Between $150,473 and $214,368 either:
  • get form TD1-WS and calculate a partial claim; or
  • enter $12, 298

Provincial: $9,498

Workers' Compensation

Maximum insurable: $66,980 per person

Based on classification.

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