Canada Pension Plan (CPP) and Employment Insurance (EI) rates
We've compiled some key CPP and EI figures in the tables below as a helpful reference for when you're reviewing payroll deductions for your organization. Note that these figures are subject to change and that the most up-to-date numbers can be found on the official Canada Revenue Agency pages for CPP contribution rates and EI premium rates
Canada Pension Plan (CPP)/Quebec Pension Plan (QPP)
|Yearly maximum pensionable earnings||$64,900.00||$64,900.00|
|Basic exemption (by number of pay periods)|
|Annual maximum contributory earnings||$61,400.00||$61,400.00|
|Annual maximum contribution||$3,499.80||$3,776.10|
Employment Insurance (EI) and Quebec Parental Insurance Plan (QPIP)
|EI||EI (Québec)||QPIP (Québec)|
|Annual maximum insurable earnings||$60,300.00||$60,300.00||$88,000.00|
|Premium/contribution rate (Employee)||1.58%||1.20%||0.494%|
|Premium rate (Employer: 1.4 * Employee rate)||2.212%||1.68%||n/a|
|Contribution rate employer QPIP||n/a||n/a||0.692%|
|Annual maximum premium EI/QPIP (Employee)||$952.74||$723.60||$434.72|
|Annual maximum premium (Employer: 1.4 * Employee premium)||$1,333.84||$1,013.04||n/a|
|Annual maximum QPIP contribution (Employer)||n/a||n/a||$608.96|
When are employees eligible for EI benefits due to COVID-19
If an employee is taking care of a family member who has tested positive for COVID-19 they can apply for Family Caregiver or Compassionate Care EI benefits with Service Canada. Family caregiver benefits provide: Up to 35 weeks for taking care of a ...
What is a Record of Employment (ROE)?
What is a ROE? A Record of Employment (ROE) is a form that employers complete and file to Service Canada at the end of an employee's service. This is for the employee in the event that they stop working and experience an interruption in earnings. ...
How to create a benefit pay code
Add a new payroll instruction (earning or benefit) 1. Navigate to Payroll, then click on Payroll Setup. 2. In the Payroll Instructions tab, click on Add New Earning/Benefit. Options within the setup screen 1. The first section is titled Details. You ...
How to complete a Record of Employment
Preparations Before reviewing the ROE for accuracy, you will need to complete the following steps. 1. Terminate the employee within the system. 2. Complete their last payment. 3. Generate the ROE. Employee and contact information The simplest way to ...
Frequently Asked Questions - Payroll
Q: How does Rise calculate deductions for federal and provincial taxes? A: Rise uses cumulative averaging, meaning that our system uses the year-to-date options in the tax calculation as described in the Payroll Deductions Formulas for Computer ...