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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 2017

CPP Rates 2017
Contribution rate: 4.95%
Maximum Pensionable Earnings: $55,300.00
Annual Basic Exemption: $3,500.00
Annual Maximum Contribution: $2,564.10

Employment Insurance (EI) Rates 2017

Employment Insurance (EI) Rates 2017
Premium Rate: 1.63%
Maximum Insurable Earnings: $51,300.00
Annual Maximum Premium: $836.19

CPP Rates 2016

CPP Rates 2016
Contribution rate: 4.95%
Maximum Pensionable Earnings: $54,900.00
Annual Basic Exemption: $3,500.00
Annual Maximum Contribution: $2,544.30

Employment Insurance (EI) Rates 2016

Employment Insurance (EI) Rates 2016
Premium Rate: 1.88%
Maximum Insurable Earnings: $50,800.00
Annual Maximum Premium: $955.04

Ontario Income Tax Rates 2017

Ontario Income Tax Rates 2017
Taxable Income Tax Rate
Up to $42,201 5.05%
Greater than $42,201 up to $84,404 9.15%
Greater than $84,404 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 2017

Federal Tax Rates 2017
Taxable Income Tax Rate
Up to $45,916 15%
Greater than $45,916 up to $91,831 20.5%
Greater than $91,831 up to $142,353 26%
Greater than $142,353 up to $202,800 29%
Greater than $202,800 33%

Ontario Income Tax Rates 2016

Ontario Income Tax Rates 2016
Taxable Income Tax Rate
Up to $41,536 5.05%
Greater than $41,536 up to $83,075 9.15%
Greater than $83,075 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 2016

Federal Tax Rates 2016
Taxable Income Tax Rate
Up to $45,282 15%
Greater than $45,282 up to $90,563 20.5%
Greater than $90,563 up to $140,388 26%
Greater than $140,388 up to $200,000 29%
Greater than $200,000 33%

 

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