Get all the 2015 Canadian Payroll deduction information you need from our quick reference guide.
Canada Pension Plan (CPP) & Québec Pension Plan (QPP)
Employment Insurance (EI) & Québec Parental Insurance Plan (QPIP)
Worker's Compensation Rates (WCB, WSIB, & CSST)
Pension Adjustment Limits
|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|
|Pension income amount||$2,000||$2,000|
|Education amount (full-time)||$465/mo||$465/mo|
|Education amount (part-time)||$140/mo||$140/mo|
|Spouse or common-law partner amount||$11,327||$11,138|
|Amount for eligible dependent||$11,327||$11,138|
|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 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.More Resources by Marlo Hertling