Canada Pension Plan (CPP) restarts each year in January
| Description | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Maximum pensionable earnings | 61,600.00 | 58,700.00 | 57,400.00 | 55,900.00 |
| Basic exemption amount | 3,500.00 | 3,500.00 | 3,500.00 | 3,500.00 |
| CPP employee contribution rate | 5.45% | 5.25% | 5.10% | 4.95% |
| CPP maximum employee contribution | 3,166.45 | 2,898.00 | 2,748.90 | 2,593.80 |
Canada Pension Plan (CPP) Enhancements 2019 to 2023
From 2019 to 2023, the contribution rate for employees will gradually increase by one percentage point (from 4.95% to 5.95%) on earnings between $3,500 and the original earnings limit.
2018: 4.95%
2019: 5.10%
2020: 5.25%
2021: 5.45%
2022: 5.70%
2023: 5.95%
For more information, please refer to the Canada Revenue Agency website.
Employment Insurance (EI) restarts each year in January
| Description | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Maximum annual insurable earnings | 56,300.00 | 54,200.00 | 53,100.00 | 51,700.00 |
| EI employee rate | 1.58% | 1.58% | 1.62% | 1.66% |
| EI maximum employee premium | 889.54 | 856.36 | 860.22 | 858.22 |
Personal Tax Credits Return (TD1 Federal)
| Description | 2021 | Oct to Dec 2020 | Jan to Sept 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| TD1 Federal Basic exemption | 13808 * | 13229 | 12298 | 12069 | 11809 |
* Basic personal amount – Every resident of Canada can enter a basic personal amount of $13,808. However, if your net income from all sources will be greater than $151,978 and you enter $13,808, you may have an amount owing on your income tax and benefit return at the end of the tax year. If your income from all sources will be greater than $151,978, you have the option to calculate a partial claim. To do so, fill in the appropriate section of Form TD1-WS, Worksheet for the 2021 Personal Tax Credits Return
Personal Tax Credits Return (TD1 Ontario)
| Description | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| TD1 ON basic exemption | 10880 | 10783 | 10582 | 10354 |
CRA Federal Personal Tax Credit Return (TD1 Federal)