2022 Payroll Deductions Table for Ontario

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:

• $155,625 or less enter $14,398

For deductions based on different income levels, see:

• Federal: TD1 2022 Personal Tax Credits Return and TD1-WS 2022 Worksheet
• Provincial: TD1ON 2022 Personal Tax Credits Return

Provincial: $11,141

Workers’ Compensation WSIB

Maximum insurable: $100,422 per person

Based on classification. See premium rates for 2022.