2015 Canadian Payroll Deductions: Quick Reference Guide

Get all the 2015 Canadian Payroll deduction information you need from our quick reference guide.

Canada Pension Plan (CPP) & Québec Pension Plan (QPP)

  CPP QPP
Maximum pensionable earnings $53,600 $53,600
Annual basic exemption $3,500 $3,500
Maximum contributory earnings $50,100 $50,100
Contribution rate (%) 4.95 5.25
Maximum employee contribution $2,479.95 $2,630.25
Maximum employer contribution $2,479.95 $2,630.25

 

Employment Insurance (EI) & Québec Parental Insurance Plan (QPIP)

  Federal EI Québec EI QPIP
Annual maximum insurable earnings $49,500 $49,500 $70,000
Premium/contribution employee rate (%) 1.88 1.54 0.559
Premium/contribution employer rate (%) 2.632 2.156 0.782
Annual maximum employee premium $930.60 $762.30 $391.30
Annual maximum employer premium $1,302.84 $1,067.22 $547.40

 

Worker's Compensation Rates (WCB, WSIB, & CSST)

Province/Territory Maximum Assessable Earnings
British Columbia $78,600
Alberta $95,300
Saskatchewan $65,130
Manitoba $121,000
Ontario $85,200
Québec $70,000
New Brunswick $60,000
Nova Scotia $56,800
Prince Edward Island $52,100
Newfoundland and Labrador $61,615
Yukon $84,837
Northwest Territories $86,000
Nunavut $86,000

 

Pension Adjustment Limits

Limit Amount
Money Purchase limit $25,370
RRSP annual contribution limit $24,930
Year's Maximum Pensionable Earnings limit $53,600
DPSP annual contribution limit (1/2 of MP limit) $12,685
Defined benefit limit $2,818.89

 

Federal TD1 Changes for 2015

Federal TD1 Field 2015 2014
Basic personal $11,327 $11,138
Child amount $2,093 $2,255
Age amount $7,033 $6,916
Pension income amount $2,000 $2,000
Education amount (full-time) $465/mo $465/mo
Education amount (part-time) $140/mo $140/mo
Disability amount $7,899 $7,766
Spouse or common-law partner amount $11,327 $11,138
Amount for eligible dependent $11,327 $11,138
Caregiver amount $4,608 $4,530
Amount for infirm dependent 18+ $6,700 $6,588

Looking for the 2014 Guide? Click here.

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About the Author

Marlo Hertling

Marlo Hertling has worked with leading HCM organizations and has been helping Canadian companies implement HCM solutions for more than 15 years. She is the Vice President of People & Culture at Avanti Software Inc and serves as Avanti's HCM subject matter expert.

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