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RESOURCES

2020 Rates

2023 RATES

CPP QPP

CANADA PENSION PLAN (CPP) & QUEBEC PENSION PLAN (QPP)

Type
CPP
QPP
Annual Maximum pensionable earnings
$66,600
$66,600
Basic Exemption (by pay period type)
Annual
$3,500.00
$3,500.00
Monthly (12)
$291.66
$291.66
Semi-monthly (24)
$145.83
$145.83
Bi-weekly (26)
$134.61
$134.61
Bi-weekly (27)
$129.62
$129.62
Weekly (52)
$67.30
$67.30
Weekly (53)
$66.03
$66.03
Annual Maximum Contribution earnings
$63,100
$63,100
Contribution rate (%)
5.95%
6.40%
Annual Maximum (EE/ER) contribution
$3754.45
$4038.40

EMPLOYMENT INSURANCE (EI) & QUEBEC PARENTAL INSURANCE PLAN (QPIP)

EI QPIP
Type
Federal EI
Quebec EI
QPIP
Annual Maximum Insurable Earnings
$61,500
$61,500
$91,000
Premium/Contribution Rate (Employee)
1.63%
1.27%
0.494%
Premium Rate (ER: 1.4* x EE EI)
2.282%
1.778%
-
Contribution Rate Employer QPIP
-
-
0.692%
Annual Maximum Premium EI/QPIP (Employee)
$1,002.45
$781.05
$449.54
Annual Maximum Premium (ER: 1.4* x EE EI)
$1,403.43
$1,093.47
-
Annual Maximum QPIP Contribution (Employer)
-
-
$629.72

*Unless a reduced premium rate applies 

FEDERAL/PROVINCIAL TD1 & QUEBEC TP-105.3-V BASIC PERSONAL AMOUNT

Basic Exempt Fed Prov
Jurisdiction
Basic Personal Amount
Federal*
$15,000
Alberta
$21,003
British Columbia
$11,981
Manitoba
$10,855
New Brunswick
$12,458
Newfoundland and Labrador
$10,382
Northwest Territories
$16,593
Nova Scotia*
$11,481
Nunavut
$17,925
Ontario
$11,865
Prince Edward Island
$12,000
Quebec
$17,183
Saskatchewan
$17,661
Yukon
$15,000

Federal and provincial TD1s are available at https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later.html.

Quebec TP1015.3-V is available at https://www.revenuquebec.ca/en/online-services/forms-and-publications/current-details/tp-1015.3-v/.

*The Basic Personal Amount for Federal and  Nova Scotia is unique to each employee’s annual income from all sources. See TD1 Worksheets for more information.

PENSION ADJUSTMENT (PA) LIMITS & TFSA LIMITS

PA TSFA Limits
Type
Limit
Defined Contribution RPPs (Money Purchase) – Annual contribution limit
$31,560
Defined Benefit RPPs – Maximum pension benefit ($3,092.22 X 9) - $600.00
$30,960
DPSP – Annual contribution limit (half of money purchase limit)
$15,780
RRSPs – Annual contribution limit
$30,780
TFSA – Annual contribution limit
$6,500

WORKERS' COMPENSATION FILING DEADLINES/MAXIMUM ASSESSABLE EARNINGS

WCB Deadlines
Province or Territory
Filing Deadline
Maximum Assessable Earnings
Alberta
February 28
$102,100
British Columbia
Last day of February (Qrtly), March 1-15
$112,800
Manitoba
February 28
$153,380
New Brunswick
February 28
$74,800
Newfoundland and Labrador
February 28
$72,870
Northwest Territories
February 28
$107,400
Nova Scotia
February 28
$69,800
Nunavut
February 28
$107,400
Ontario
Last day of March
110,000
Prince Edward Island
February 28
$65,000
Quebec
Before March 15
$91,000
Saskatchewan
February 28
$96,945
Yukon
Last day of February
$98,093
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