2021 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: $56,300

Maximum employee premium: $889.54

Maximum employer premium: $1,245.36

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: $3,166.45

Maximum employer premium: $3,166.45

Self-employed maximum premium: $6,332.90

Employer and employee contribution rate: 5.45%

Self-employed: 10.9%

Federal  & Provincial income tax

Basic deduction:

Federal:

• $151,978 or less enter $13,808
• More than $216,511 enter $12,421
• Between $151,978 and $216,511 either:
• Get form TD!-WS and calculate a partial claim; or
• Enter $12,421

Provincial: $13,800

Workers’ Compensation WSIB

Maximum insurable: $102,800.00 per person

Based on classification. See premium rates for 2021.