2024 2023
Canada Pension Plan (CPP)
Contribution Rate 5.95% / 4.0% 5.95%
Employee Maximum $ $3,868 / $188 $3,754
Maximum Earnings $68,500 / $73,200 $66,600
Exemption $3,500 $3,500
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Employment Insurance (EI)
Contribution Rate 1.66% 1.63%
Employee Maximum $ $1,049 $1,002
Maximum Earnings $63,200 $61,500
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WSIB (ON) Maximum Earnings $112,500 $110,000
Employer Health Tax Exemption (ON 1.95%) $1,000,000 $1,000,000
Basic Personal Exemption (Federal) $15,705 $15,000

CPP Notes: 18+; employer pays same as employee; 10% of CPP maximum earnings needed in 4 of the last 6 years to qualify for the CPP disability pension

EI Notes: employer pays 1.4 times employee amount; owners and their family are usually exempt (not eligible)