CPP, EI, Provincial and Federal Tax Rates

The government requires all employees to deduct CPP (Canada Pension Plan), EI (Employment Insurance) and Income Tax. The current rates for each of these deductions are listed below.

CPP Rates 2015

CPP Rates 2015
Contribution rate: 4.95%
Maximum Pensionable Earnings: $53,600.00
Annual Basic Exemption: $3,500.00
Annual Maximum Contribution: $2,479.95

Employment Insurance (EI) Rates 2015

Employment Insurance (EI) Rates 2015
Premium Rate: 1.88%
Maximum Insurable Earnings: $49,500.00
Annual Maximum Premium: $930.60

Ontario Income Tax Rates 2015

Ontario Income Tax Rates 2015
Taxable Income Tax Rate
Up to $40,922 5.05%
Greater than $40,922 up to $81,847 9.15%
Greater than $81,847 up to $150,000 11.16%
Greater than $150,000 up to $220,000 12.16%
Greater than $220,000 13.16%

Federal Tax Rates 2015

Federal Tax Rates 2015
Taxable Income Tax Rate
Up to $44,701 15%
Greater than $44,701 up to $89,401 22%
Greater than $89,401 up to $138,586 26%
Greater than $138,586 29%

 

To access the Federal TD1 form, the Federal CPT30 form or the Provincial TD1ON form, visit www.ccra-adrc.gc.ca