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