RESOURCES

 

2021 RATES

 

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

Type
CPP
QPP
Annual Maximum pensionable earnings
$61,600.00
$61,600.00
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
$58,100.00
$58,100.00
Contribution rate (%)
5.45%
5.90%
Annual Maximum (EE/ER) contribution
$3,166.45
$3,427.90

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

 
Type
Federal EI
Quebec EI
QPIP
Annual Maximum Insurable Earnings
$56,300.00
$56,300.00
$83,500.00
Premium/Contribution Rate (Employee)
1.58%
1.18%
0.494%
Premium Rate (ER: 1.4* x EE EI)
2.212%
1.652%
-
Contribution Rate Employer QPIP
-
-
0.692%
Annual Maximum Premium EI/QPIP (Employee)
$889.54
$664.34
$412.49
Annual Maximum Premium (ER: 1.4* x EE EI)
$1,245.36
$930.08
-
Annual Maximum QPIP Contribution (Employer)
-
-
$577.82

*Unless a reduced premium rate applies 

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

 
Jurisdiction
Basic Personal Amount
Federal*
$13,808
Alberta
$19,369
British Columbia
$11,070
Manitoba
$9,936
New Brunswick
$10,564
Newfoundland and Labrador
$9,536
Northwest Territories
$15,243
Nova Scotia*
$11,481
Nunavut
$16,467
Ontario
$10,880
Prince Edward Island
$10,500
Quebec
$15,728
Saskatchewan
$16,255
Yukon
$13,808

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
$29,210
Defined Benefit RPPs – Maximum pension benefit ($3,092.22 X 9) - $600.00
$28,610
DPSP – Annual contribution limit (half of money purchase limit)
$14,605
RRSPs – Annual contribution limit
$27,830
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
$100,000
Manitoba
February 28
$127,000
New Brunswick
February 28
$67,100
Newfoundland and Labrador
February 28
$67,985
Northwest Territories
February 28
$97,300
Nova Scotia
February 28
$64,500
Nunavut
February 28
$97,300
Ontario
Last day of March
97,308
Prince Edward Island
February 28
$55,300
Quebec
Before March 15
$83,500
Saskatchewan
February 28
$91,100
Yukon
Last day of February
$91,930