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2022 Payroll Deduction Table for Nova Scotia

To help you out with payroll deductions, we’ve prepared a summary chart including all the 2021 rates for CPP, EI, taxes etc.

Deduction

Rate

Employment Insurance

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  & Provincial income tax

Basic deduction:

Federal

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

Provincial: $8,481 (May be higher depending on your annual income)

Workers’ Compensation

Maximum insurable: $69,000 per person

Based on classification

Need help navigating through a WCB Claim?  The Employer Advisor is there to help.

Minimum wage

 

As of April 1, 2021: $12.95

Starting April 1, 2022: $13.35 

Starting October 1, 2022: $13.60 

 

 

 

January 7, 2022

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Topics in this Article: Payroll Taxes

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