Search results
Payroll guide for employers, trustees, and payers who need information on deducting and remitting CPP, EI and income tax from amounts paid.
1 sty 2024 · If you are using the income tax tables in this guide to determine your employees' and pensioners' total tax deductions, you have to look up the amounts in the federal tax table and the provincial tax table.
As an employer or a payer, you are required to deduct federal and provincial or territorial income tax from remuneration and other income that you pay. You need to determine which provincial or territorial income tax you are required to deduct based on the province of employment of the employee.
2 lis 2023 · Key Takeaways. Employers in Canada are responsible for deducting and matching employees’ CPP/QPP and EI contributions. Employers’ payroll obligations include withholding the correct amount of income tax from their employees’ pay. How often employers need to remit these payroll contributions and source deductions depends on their remitter type.
Employers are responsible for deducting the following four amounts: the Canada Pension Plan contribution. the Employment Insurance premium. federal income tax. provincial and territorial income tax.
Statutory deductions. Employers may also deduct other amounts from an employee’s wages if they’re provided with written authorization. For example, if you owe money to your employer for damage to company property, they may agree to deduct the amount owed from your pay.
In certain provinces, employers pay taxes based on the total annual gross salaries earned by their employees who report to work, or are deemed to report for work, at an office or other permanent location of the employer located within the relevant jurisdiction: Ontario: 0.98% – 1.95%