Home Rates CPP and EI Rates

 

Canada Pension Plan Contributions

  2014 2015 2016 2017        2018 2019
Maximum pensionable earnings $52,500 $53,600 $54,900 $55,300 $55,900 $57,400
Basic exemption $3,500 $3,500 $3,500 $3,500 $3,500 $3,500
Contribution rate 4.95% 4.95% 4.95% 4.95% 4.95% 5.10%
Maximum contribution $2,425.50 $2,479.95 $2,544.30 $2,564.10 $2,593.80 $$2,748.90

 

Employment Insurance Premiums

  2014 2015 2016 2017     2018 2019
Maximum insurable earnings $48,600 $49,500 $50,800 $51,300 $51,700 $53,100
Premium rate 1.88% 1.88% 1.88% 1.63% 1.66% 1.62%
Maximum premiums $913.68 $930.60 $955.04 $836.19 $858.22 $860.22

 

Federal and Provincial Tax Rates

 

2018 Federal

Taxable income level Tax rate
Up to $46,605.00 15%
Between $46,606.00 to $93,208.00 20.50%
Between $93,209.00 to $144,489.00 26%
Between $144,490.00 to $205,842.00 29%
In excess of $205,843.00 33%

Amounts are stated before any personal deductions and non-refundable tax credits.

 

2018 Ontario

Taxable income level Tax rate
Up to $42,960.00 5.05%
Between $42,961 and $88,923 9.15%
Between $88,924 of $150,000 11.16%
Between $150,001 of $220,000 12.16%
In excess of $220,001 13.16%

Amounts are stated before any personal deductions and non-refundable tax credits.

 

Note: While great care was taken to ensure the accuracy of the information posted on this webpage, we do not assume liability for financial decisions based solely on it, not for errors and omissions. Please contact your accountant for specific questions and concerns about tax related issues.