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Payroll Tax Rates 2019

February 19, 2019

Tax Question:

What are the payroll tax rate changes for 2019 for withholdings?

Facts:

Payroll tax rates change every year and it is important for you to know the correct rates when preparing payroll remittances. See below for updated rates for 2019 with the 2018 comparison.

Discussion:

Canada Pension Plan20182019
Annual maximum pensionable earnings$55,900$57,400
Annual basic exemption$3,500$3,500
Contribution rate4.95%5.10%
Annual maximum employee contribution$2,593.80$2,748.90
Annual maximum employer contribution$2,593.80$2,748.90
Employment Insurance20182019
Annual maximum insurable earnings$51,700$53,100
Annual maximum employee contribution$858.22$860.22
Employee contribution rate1.66%1.62%
Employer contribution rate2.32%2.27%
Federal Tax Credits20182019
Basic personal$11,809$12,069
Spouse/Equivalent to spouse$11,809$12,069
B.C. Provincial Tax Credits20182019
Basic personal$10,412$10,682
Spouse/Equivalent to spouse$8,915$9,147

If you would like more information on this topic, please contact a member of the Empire CPA team by filling out the contact form below.

Canadian and foreign tax laws are complex and have a tendency to change on a frequent basis. As such, the content published above is believed to be accurate as of the date of this post. Before implementing any tax planning, please seek professional advice from a qualified tax professional. Empire, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above.

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