Having tons of valuable information compiled in one place makes everyone’s lives easier, so we put together tables for every type of Canadian Payroll Source Deduction you could need in 2018.

Disclaimer: Since legislation and budgets are subject to change throughout the year, make sure to stay updated as rates change.

Canada Pension Plan (CPP) and Quebec Pension Plan (QPP)

   CPP  QPP
 Annual basic exemption $55,900 $55,900
 Annual basic exemption  $3,500 $3,500 
 Contribution rate (%)  4.95  5.4
 Maximum employee contribution  $2,593.80  $2,829.60
 Maximum employer contribution  $2,593.80  $2,829.60
 Maximum self-employed contribution  $5,187.60 $5,659.20 

 

Worker's Compensation Rates by Province (WCB, WSIB, & CSST)

 Province/Territory  Maximum Assessable Earnings
 Alberta  $98,700
 British Columbia  $82,700
 Manitoba  $127,000
 New Brunswick  $63,600
 Newfoundland and Labrador  $64,375
 Northwest Territories  $90,600
 Nova Scotia  $59,800
 Nunavut  $90,600
 Ontario  $90,300
 Prince Edward Island  $53,400
 Quebec  $74,000
 Saskatchewan  $82,627
 Yukon  $86,971

 

Pensionable Adjustment Limits

 Limit Maximum Assessable Earnings
 Money Purchase Limit  $26,500
 RRSP annual contribution limit  $26,230
 Year's Maximum Pensionable Earnings limit  $55,900
 DPSP annual contribution limit (1/2 of MP limit)  $13,250
 Defined benefit limit  $2,944.44
 TFSA limit  $5,500

 

Federal TD1 Changes 2018

 TD1 Form (Download here)  2018  2017
 Basic personal  $11,809  $11,635
 Child amount  $2,182  $2,121
 Age amount  $7,333  $7,125
 Pension income amount  $2,000  $2,000
 Education amount (full-time)  N/A  $465/mo
 Education amount (part-time)  N/A  $140/mo
 Disability amount  $8,235  $8,001
 Spouse or common-law partner amount  $11,809  $11,474
 Amount for eligible dependent  $11,809  $11,474
 Caregiver amount  N/A  $4,667
 Amount for infirm dependant 18+  $6,986  $6,788

 

Provincial TD1 Changes 2018

 Province/Territory  2018  2017
 Alberta  $18,915  $18,690
 British Columbia  $10,412  $10,208
 Manitoba  $9,382  $9,271
 New Brunswick  $10,043  $9,895
 Newfoundland and Labrador  $9,247  $8,978
 Northwest Territories  $14,492  $14,278
 Nova Scotia  $11,481*  $8,481
 Nunavut  $13,325  $13,128
 Ontario  $10,354  $10,171
 Prince Edward Island  $8,160  $8,000
 Quebec  $15,012  $11,635
 Saskatchewan  $16,065  $16,065
 Yukon  $11,809  $11,635

 *If you employee's taxable income from all sources for the year amounts to less than $25,000, consult the TD1NS-WS Worksheet.

Employment Insurance (EI) and Quebec Parental Insurance Plan (QPIP)

Province/Territory  Federal EI  Quebec EI  QPIP
 Annual maximum insurable earnings  $51,700  $51,700  $74,000
 Premium/contribution employee rate (%)  1.66%  1.30%  0.548%
 Premium/contribution employee rate (%)  2.324%  1.82%  0.767%
 Annual maximum employee premium  $858.22  $672.10  $405.52
 Annual maximum employee premium  $1,201.51  $940.94  $567.58

 

Employment Insurance (EI) Contribution Changes for Employees 2017-2018

   2018 Premium (per $100 of insurable earnings)  2018 Max Annual Contribution   2018 vs 2017
 Employees  $1.66  $858.22  +$22.03
 Employers  $2.324 ($1.66 x 1.4*)  $1,201.51  +$30.84
 Employees in Quebec  $1.30  $672.10  +$20.59
 Employers in Quebec  $1.82 ($1.30 x 1.4*)  $940.94   +$28.83

* If you have a reduced employer EI rate, apply that rate instead of the standard rate of 1.4

To learn more about the 2018 Employment Insurance Premium Rate, visit this page on the CRA’s website.

Minimum Wage By Province

Note that these rates are strictly for general workers, not for liquor servers, inexperienced workers, students aged 18 years or less, or any other Canadian specifications.

Province/Territory  Hourly Rate  Effective Date
 Alberta  $13.60
 $15.00
 10/01/2017
 10/01/2018
 British Columbia  $12.65
 $13.85
 06/01/2018
 06/01/2019 
 Manitoba  $11.15
 $11.35
 10/01/2017
 10/01/2018
 New Brunswick  $11.25  04/01/2018
 Newfoundland and Labrador  $11.15  04/01/2018
 Northwest Territories  $13.46  04/01/2018
 Nova Scotia  $11.00  04/01/2018
 Nunavut  $13.00  04/01/2018
 Ontario  $14.00
 $15.00
 01/01/2018
 01/01/2019
 Prince Edward Island  $11.55  04/01/2018
 Quebec  $12.00  05/01/2018
 Saskatchewan  $10.96
 $11.06
 10/01/2017
 11/01/2018 
 Yukon  $11.51  04/01/2018

 

That's a lot of tables - 8 to be exact - and even more numbers, but I’m not brave enough to count those. With extreme attention to detail, your 2018 Payroll Source Deductions should go smoothly. If you feel like this is just too much for you to take on, consider investing in a payroll management solution like Knit. Let us deal with the pesky numbers so you can get back to growing your business.