RESOURCES

 

2022 RATES

 

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

Type
CPP
QPP
Annual Maximum pensionable earnings
$64,900.00
$64,900.00
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
$61,400.00
$61,400.00
Contribution rate (%)
5.70%
6.15%
Annual Maximum (EE/ER) contribution
$3499.80
$3776.10

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

 
Type
Federal EI
Quebec EI
QPIP
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 (ER: 1.4* x EE EI)
2.212%
1.68%
-
Contribution Rate Employer QPIP
-
-
0.692%
Annual Maximum Premium EI/QPIP (Employee)
$952.74
$723.60
$434.72
Annual Maximum Premium (ER: 1.4* x EE EI)
$1,333.84
$1,013.04
-
Annual Maximum QPIP Contribution (Employer)
-
-
$608.96

*Unless a reduced premium rate applies 

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

 
Jurisdiction
Basic Personal Amount
Federal*
$14,398
Alberta
$19,369
British Columbia
$11,302
Manitoba
$10,145
New Brunswick
$10,817
Newfoundland and Labrador
$9,803
Northwest Territories
$15,609
Nova Scotia*
$11,481
Nunavut
$16,862
Ontario
$11,141
Prince Edward Island
$11,250
Quebec
$16,143
Saskatchewan
$16,615
Yukon
$14,398

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

 
Type
Limit
Defined Contribution RPPs (Money Purchase) – Annual contribution limit
$30,780
Defined Benefit RPPs – Maximum pension benefit ($3,092.22 X 9) - $600.00
$30,180
DPSP – Annual contribution limit (half of money purchase limit)
$15,390
RRSPs – Annual contribution limit
$29,210
TFSA – Annual contribution limit
$6,000

WORKERS' COMPENSATION FILING DEADLINES/MAXIMUM ASSESSABLE EARNINGS

 
Province or Territory
Filing Deadline
Maximum Assessable Earnings
Alberta
February 28
$98,700
British Columbia
Last day of February (Qrtly), March 1-15
$108,400
Manitoba
February 28
$150,000
New Brunswick
February 28
$69,200
Newfoundland and Labrador
February 28
$69,005
Northwest Territories
February 28
$102,200
Nova Scotia
February 28
$69,000
Nunavut
February 28
$102,200
Ontario
Last day of March
100,422
Prince Edward Island
February 28
$58,300
Quebec
Before March 15
$88,000
Saskatchewan
February 28
$94,440
Yukon
Last day of February
$94,320