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.

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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
2024
Basic Exemption
2023
Basic Exemption
2022
Federal $15,705 $15,000 $14,398
       
Alberta $21,885 $21,003 $19,369
British Columbia $12,580 $11,981 $11,302
Manitoba $15,780 $10,855 $10,145
New Brunswick $13,044 $12,458 $10,817
Newfoundland and Labrador $10,819 $10,382 $9,803
Northwest Territories $17,373 $16,593 $15,609
Nova Scotia $8,481 $8,481 $8,481 *
Nunavut $18,767 $17,925 $16,862
Ontario $12,399 $11,865 $11,141
Prince Edward Island $13,500 $12,000 $11,250
Québec $18,056 $17,183 $16,143
Saskatchewan $18,492 $17,661 $16,615
Yukon $15,705 $15,000 $14,398

* 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

Canada Pension
  2024 2023 2022
Annual Maximum Pensionable Earnings $73,200.00 $66,600.00 $64,900.00
Annual Basic Exemption $3,500.00 $3,500.00 $3,500.00
Annual Maximum Contributory Earnings $65,000.00 $63,100.00 $61,400.00
Employee/Employer Contribution Rate 5.95%
plus 4%
5.95% 5.7%
Employee/Employer Maximum Contribution $3,867.50 $3,754.45 $3,499.80
Self-Employed Contribution Rate 11.90%
plus 8%
11.9% 11.4%
Self-Employed Maximum Contribution $7,735.00
plus CPP2 $376.00
$7,508.90 $6,999.60

Quebec Pension Plan (QPP) Deductions

QPP - Quebec Employees
  2024 2023 2022
Annual Maximum Pensionable Earnings $73,200.00 $66,600.00 $64,900.00
Annual Basic Exemption $3,500.00 $3,500.00 $3,500.00
Annual Maximum Contributory Earnings $65,000.00 $63,100.00 $61,400.00
Employee/Employer Maximum Contribution Rate 6.4%
/QPP2: 4%
6.4% 6.15%
Annual Maximum Contribution Base: $4,160
plus QPP2: $188
$4,038.40 $3,776.10
Annual Self-Employed Contribution Rate 12.80%
plus QPP 2 8%
12.8% 12.3%
Annual Maximum Self-Employed Contribution $8,320
plus QPP 2 $376
$8,076.80 $7,552.20

Employment Insurance (EI) Deductions

Employment Insurance (EI) - Non-Quebec Employees
  2024 2023 2022
Annual Maximum Insurable Earnings $63,200 $61,500 $60,300.00
Employee Contribution Rate 1.66% 1.63% 1.58%
Employer Contribution Rate 2.32% 2.28% 2.21%
Annual Maximum Employee Contribution $1,049.12 $1,002.44 $9529.74
Annual Maximum Employer Contribution $1,468.77 $1,403.43 $1,333.84

Employment Insurance (EI) - Quebec Employees
  2024 2023 2022
Annual Maximum Insurable Earnings $63,200 $61,500 $60,300.00
Employee Contribution Rate 1.32% 1.27% 1.2%
Employer Contribution Rate 1.85% 1.78% 1.68%
Annual Maximum Employee Contribution $834.24 $781.05 $723.60
Annual Maximum Employer Contribution $1,167.94 $1093.47 $1013.04

Quebec Parental Insurance Plan (QPIP) Deductions

QPIP - Quebec Employees
  2024 2023 2022
Annual Maximum Insurable QPIP Earnings $94,000

$91,000

$88,000.00
Employee Contribution Rate 0.494% 0.494% 0.494%
Employer Contribution Rate 0.692% 0.692% 0.692%
Self-Employed Contribution Rate 0.878% 0.878% 0.878%
Annual Maximum Employee Contribution $464.36 $449.54 $434.72
Annual Maximum Employer Contribution $650.48 $629.72 $608.96
Annual Maximum Self-Employed Contribution $825.32 $798.98 $772.64

Workers Compensation - Maximum Assessable Earnings

Province 2024 2023 2022
Alberta $104,600 $102,100 $98,700
British Columbia $116,700 $112,800 $108,400
Manitoba $160,510 $153,380 $150,000
New Brunswick $76,900 $74,800 $69,200
Newfoundland and Labrador $76,955 $72,870 $69,005
Northwest Territories $110,600 $107,400 $102,200
Nova Scotia $72,500 $69,800 $69,000
Nunavut $110,600 $107,400 $102,200
Ontario $112,500 $110,000 $100,422
Prince Edward Island $78,400 $65,000 $58,300
Québec $94,000 $91,000 $88,000
Saskatchewan $99,945 $96,945 $94,440
Yukon $102,017 $98,093 $94,320

Pension Adjustment Limits

Pension Adjustment Limits 2024 2023 2022
Money Purchase $32,490 $31,560 $30,780
Pensionable Earnings $180,500 $175,333 $171,000
Deferred Profit Sharing Plan Annual Contribution 1/2 the money purchase limit 1/2 the money purchase limit 1/2 the money purchase limit
Defined Benefit 1/9 the money purchase limit 1/9 the money purchase limit 1/9 the money purchase limit
Registered Retirement Savings Plan Annual Contribution $31,560 $30,780 $29,210
TFSA $7,000 $6,500 $6,000

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 2024 2023 2022
New Year's Day Mon., Jan.1 Sun., Jan.1 Sat., Jan. 1
Good Friday Fri., Mar 29 Fri., Apr. 7 Fri., Apr. 15
Victoria Day 1 Mon., May 20 Mon., May 22 Mon., May 23
Canada Day Mon., Jul. 1 Sat., Jul. 1 Fri., Jul. 1
Labour Day Mon., Sep.2 Mon., Sep.4 Mon., Sep.5
National Day for Truth and Reconciliation 2 Mon., Sep. 30 Sat., Sep. 30 Fri., September 30
Thanksgiving Day 3 Mon., Oct. 14 Mon., Oct. 9 Mon., Oct. 10
Remembrance Day 4 Mon, Nov. 11 Sat, Nov. 11 Fri, Nov. 11
Christmas Day Wed., Dec. 25 Mon., Dec. 25 Sun., Dec. 25
Boxing Day 5 Thu., Dec. 26 Tue., Dec. 26 Mon., Dec. 26

1 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.

2 National Day for Truth and Reconciliation is a new federal holiday as of 2021, and falls on September 30 annually.

3 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 Workplaces do observe Thanksgiving in these four provinces.

4 Remembrance Day is designated as November 11th recognized nationwide except for Ontario, Quebec, Nova Scotia, Newfoundland.

5 Boxing Day is a federal holiday that falls on December 26th but is not uniformly observed in all provinces and territories.

 


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