Canadian Federal Payroll Information
This page provides useful payroll information that applies at the Federal level. Choose one of the links below to move directly to the corresponding section below. To view individual Provincial information, please click here.
Choose a Topic:
Federal and Provincial TD1 Exemptions Canada Pension Plan Deductions Employment Insurance (EI) Deductions Quebec Pension Plan (QPP) Deductions Workers Compensation - Max. Assessable Earnings Pension Adjustment Limits Federal Statutory Holidays
Federal and Provincial TD1 Exemption Amounts
| Region | Basic Exemption - 2018 | Basic Exemption - 2017 |
|---|---|---|
| Federal | $11,809 | $11,635 |
| Alberta | $18,915 | $18,690 |
| British Columbia | $10,412 | $10,208 |
| Manitoba | $9,382 | $9,271 |
| New Brunswick | $10,043 | $9,895 |
| Newfoundland and Labrador | $9,247 | $8,978 |
| Northwest Territories | $14,492 | $14,278 |
| Nova Scotia | $8,481 * | $8,481 |
| Nunavut | $13,325 | $13,128 |
| Ontario | $10,354 | $10,171 |
| Prince Edward Island | $8,160 | $8,000 |
| Québec | $15,012 | $11,635 |
| Saskatchewan | $16,065 | $16,065 |
| Yukon | $11,809 | $11,635 |
* Employees with an annual income of $25,000 or less can claim an additional basic personal amount of $3000 (a partial credit can be claimed by employees with an annual income between $25000 and $75000).
Canada Pension Plan (CPP) Deductions
| 2018 | 2017 | |
|---|---|---|
| Annual Maximum Pensionable Earnings | $55,900.00 | $55,300.00 |
| Annual Basic Exemption | $3,500.00 | $3,500.00 |
| Annual Maximum Contributory Earnings | $52,400.00 | $51,800.00 |
| CPP Contribution Rate | 4.95% | 4.95% |
| QPP Contribution Rate | 5.40% | 5.40% |
| Annual Maximum CPP Employee/Employer Contribution | $2,593.80 | $2,564.10 |
| Annual Maximum QPP Employee/Employer Contribution | $2,829.60 | $2,797.20 |
Employment Insurance (EI) Deductions
| 2018 | 2017 | |
|---|---|---|
| Annual Maximum Insurable Earnings | $51,700.00 | $51,300.00 |
| Employee Contribution Rate | 1.66% | 1.63% |
| Employer Contribution Rate | 2.32% | 2.282% |
| Annual Maximum Employee Contribution | $858.22 | $836.19 |
| Annual Maximum Employer Contribution | $1,201.51 | $1,170.67 |
| 2018 | 2017 | |
|---|---|---|
| Annual Maximum Insurable Earnings | $51,700.00 | $51,300.00 |
| Employee Contribution Rate | 1.30% | 1.27% |
| Employer Contribution Rate | 1.82% | 1.778% |
| Annual Maximum Employee Contribution | $672.10 | $651.51 |
| Annual Maximum Employer Contribution | $940.94 | $912.11 |
Quebec Pension Plan (QPP) Deductions
| 2018 | 2017 | |
|---|---|---|
| Annual Maximum Insurable QPIP Earnings | $74,000.00 | $72,500.00 |
| Employee Contribution Rate | 0.548% | 0.548% |
| Employer Contribution Rate | 0.767% | 0.767% |
| Self-Employed Contribution Rate | 0.973% | 0.973% |
| Annual Maximum Employee Contribution | $405.52 | $397.30 |
| Annual Maximum Employer Contribution | $567.58 | $556.08 |
| Annual Maximum Self-Employed Contribution | $720.02 | $705.43 |
Workers Compensation - Maximum Assessable Earnings
| Province | Maximum - 2018 | Maximum - 2017 |
|---|---|---|
| Alberta | $98,700 | $98,700 |
| British Columbia | $82,700 | $81,900 |
| Manitoba | $127,000 | $127,000 |
| New Brunswick | $63,600 | $62,700 |
| Newfoundland and Labrador | $64,375 | $63,420 |
| Northwest Territories | $90,600 | $90,600 |
| Nova Scotia | $59,800 | $59,300 |
| Nunavut | $90,600 | $90,600 |
| Ontario | $90,300 | $88,500 |
| Prince Edward Island | $53,400 | $52,800 |
| Québec | $74,000 | $72,500 |
| Saskatchewan | $82,627 | $76,086 |
| Yukon | $86,971 | $85,601 |
Pension Adjustment Limits
| Pension Adjustment Limits | Amount - 2018 | Amount - 2017 |
|---|---|---|
| Money Purchase | $26,500 | $26,230 |
| Deferred Profit Sharing Plan Annual Contribution | 1/2 the money purchase limit | $13,115 |
| Defined Benefit | 1/9 the money purchase limit | $2,914.44 |
| Registered Retirement Savings Plan Annual Contribution | $26,230 | $26,010 |
| TFSA | $5,500 | $5,500 |
Federal Statutory Holidays
The following table shows statutory holidays (often referred to as General holidays) that are federally or provincially legislated. Note that not all provinces and territories treat each of these days uniformly. Depending on their province of residence, Canadian employees are entitled to receive the day off, a day off with pay or compensation in lieu of time off. Click Here to view these and other holidays for a specific province.
| Holiday | 2018 | 2017 |
|---|---|---|
| New Year's Day | Mon., Jan. 01 | Sun., Jan. 01 |
| Good Friday | Fri., Mar. 30 | Fri., Apr. 14 |
| * Victoria Day | Mon., May 21 | Mon., May 22 |
| Canada Day | Mon., July 02 | Sat., July 01 |
| Labour Day | Mon., Sep. 03 | Mon., Sep. 04 |
| ** Thanksgiving Day | Mon., Oct. 08 | Mon., Oct. 09 |
| *** Remembrance Day | Sat., Nov. 11 | Sat., Nov. 11 |
| Christmas Day | Tue., Dec. 25 | Mon., Dec. 25 |
| **** Boxing Day | Wed., Dec. 26 | Tue., Dec. 26 |
* Victoria Day is on the Monday preceding May 25th and is celebrated nationwide except in New Brunswick, Nova Scotia, PEI and Newfoundland. In Quebec, this holiday is referred to as National Patriots Day.
** Thanksgiving Day is on the second Monday in October and is celebrated nationwide except for PEI, Newfoundland, New Brunswick and Nova Scotia. Note that Federally Regulated Institutions do observe Thanksgiving in these four provinces.
*** Remembrance Day is designated as November 11th recognized nationwide except for Ontario, Quebec, Nova Scotia, Newfoundland.
**** Boxing Day is a federal holiday that falls on December 26th but is not uniformly observed in all provinces and territories.
Looking for Payroll in Canada?
CanPay provides Payroll and HR software and online solutions for thousands of companies across Canada. If your business has a unique payroll or HR need or you are simply looking for an alternative to your current method, contact us today. We can offer you a customized solution that will suit your unique business requirements. Please call 1-800-665-5129 or send an email request to: sales@canpay.com.
|
