Free calculator
Work out CPP, CPP2, EI and income tax withheld per pay period, the employer’s matching share, and what you owe the CRA each month.
Every pay period you withhold CPP, EI and income tax from each employee. You then add the employer’s share, which matches CPP dollar for dollar and pays 1.4 times the employee’s EI, and send the total to the CRA.
CPP stops once an employee reaches the annual maximum, and CPP2 applies to earnings between the first and second earnings ceilings.
| CPP rate (employee and employer each) | 5.95% |
| Maximum pensionable earnings | $74,600 |
| CPP2 rate on earnings up to $85,000 | 4% |
| EI employee rate | 1.63% |
| Maximum insurable earnings | $68,900 |
Questions
It depends on your remitter type, which the CRA sets based on your average monthly withholding. Most small employers remit by the 15th of the month after pay day.
CPP2 is a second, additional CPP contribution at 4% on earnings between the yearly maximum pensionable earnings and a higher second ceiling. Employers match it.
Not if you own more than 40% of the voting shares. You can be exempt from EI on your own salary, but you still pay CPP.
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