We have created a table below which shows all payroll taxes for 2022
Employer Health Tax This is a tax paid by the employer and not deducted from employees. Exemption Threshold is $1 million |
Tax rate above the threshold is .98% to 1.95% depending upon how much over the threshold the employer is. Please see the Ministry of Finance website for more information. |
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: $61,600 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: 5.70%
Self-employed: 11.4% |
Federal & Provincial income tax |
Basic deduction: Federal:
For deductions based on different income levels, see: |
Provincial: $11,141 |
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Workers’ Compensation WSIB
Maximum insurable: $100,422 per person |
Based on classification. See premium rates for 2022.
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Minimum wage for Ontario is $15.00 until October 1st, 2022. After October 1st it will be increased by the Consumer Price Index for 2022.