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Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 * This amount has to be deducted at source. − $(91.33) (3) Net remuneration for the pay period $1,108.67 (4) Annual net income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on Form TD1 − (0.00) (6) Annual taxable income $57,650.84 Calculate federal tax Description Sub-amounts Amounts (7) Multiply the amount on line 6 by the federal tax rate (R) based on Chart 1 $57,650.84 × 0.205 $11,818.42 (8) Minus the federal constant (K) based on the annual taxable income on line 6 (see Chart 1) − (2,935.00) (9) Federal tax (line 7 minus line 8) $8,883.42 (10) Minus the federal tax credits: the total of personal tax credit amounts reported on the federal Form TD1 $15,000.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 the Canada employment amount (annual maximum $1,368.00) 1,368.00 Total $20,286.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (11) Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15 (12) Total federal tax credits − (3,042.93) (13) Total federal tax payable for the year (line 9 minus line 12) $5,840.49 Calculate provincial tax Description Sub-amounts Amounts (14) Basic provincial tax for Ontario: Multiply the amount on line 6 by the provincial tax rate (V) based on Chart 2 $57,650.84 × 0.0915 $5,275.05 (15) Minus the provincial constant (KP) based on the annual taxable income on line 6 (See Chart 2) − (2,018.00) (16) Provincial tax on income for Ontario (line 14 minus line 15) $3,257.05 (17) Minus the provincial tax credits: the total of personal tax credit amounts reported on Form TD1ON $11,865.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) $2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * $1,002.45 Total $15,783.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (18) Multiply the total on line 17 by the lowest provincial tax rate for the year. × 0.0505 (19) Total provincial tax credits − (797.05) (20) Basic provincial tax (line 16 minus line 19) $2,460.00 (21) Add provincial surtax Where line 20 is less than or equal to $5,315, the surtax is $0 Where line 20 is greater than $5,315 and less than or equal to $6,802, the surtax is 20% of line 20 that is more than $5,315 $0.00 Where line 20 is greater than $6,802, the surtax is 20% of line 20 that is more than $5,315 plus 36% of line 20 that is more than $6,802 0.00 Provincial surtax + 0.00 (22) Total provincial tax including surtax $2,460.00 (23) Add Ontario health premium Determine the premium based on the annual taxable income (line 6) and the explanation on page A-6. ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 − $(91.33) * This amount has to be deducted at source. (3) Net remuneration for the pay period (line 1 minus line 2) $1,108.67 (4) Net annual income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on the Form TD1 − (4,015.00) (6) Annual taxable income (line 4 minus line 5) $53,635.84 Calculate federal tax Description Sub-amounts Amounts (7) Multiply the amount on line 6 by the federal tax rate (R) based on Chart 1 $53,635.84 × 0.205 $10,995.35 (8) Minus the federal constant (K) based on the annual taxable income on line 6 (see Chart 1) − (2,953.00) (9) Federal tax (line 7 minus line 8) $8,060.35 (10) Minus the federal tax credits: the total of personal tax credit amounts reported on the federal Form TD1 $15,000.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 the Canada employment amount (annual maximum $1,368.00) 1,368.00 Total $20,286.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (11) Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15 (12) Total federal tax credits − (3,042.93) (13) Total federal tax payable for the year (line 9 minus line 12) $5,017.42 Calculate territorial tax Description Sub-amounts Amounts (14) Basic territorial tax for Northwest Territories: Multiply the amount on line 6 by the territorial tax rate (V) based on Chart 2 $53,635.84 × 0.0860 $4,612.68 (15) Minus the territorial constant (KP) based on the annual taxable income on line 6 (see Chart 2) − (1,305.00) (16) Territorial tax on income for Northwest Territories (line 14 minus line 15) $3,307.68 (17) Minus the territorial tax credits: the total of personal tax credit amounts reported on Form TD1NT $16,593.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 Total $20,511.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (18) Multiply the total on line 17 by the lowest territorial tax rate for the year × 0.059 (19) Total territorial tax credits − (1,210.16) (20) Total territorial tax payable for the year (line 16 minus line 19) $2,097.52 Calculate total tax and the tax deduction for the pay period Description Sub-amounts Amounts (21) Total federal and territorial tax deductions for the year (line 13 plus line 20) If the result is negative, substitute $0. $7,114.94 (22) Tax deduction for the pay period: Divide the amount on line 21 by the number of pay periods in the year (52). $136.83 Page details Date modified: 2022-12-23 ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 − $(91.33) * This amount has to be deducted at source. (3) Net remuneration for the pay period (line 1 minus line 2) $1,108.67 (4) Net annual income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on Form TD1 − (0.00) (6) Annual taxable income (line 4 minus line 5) $57,650.84 Calculate federal tax Description Sub-amounts Amounts (7) Multiply the amount on line 6 by the federal tax rate (R) based on Chart 1 $57,650.84 × 0.205 $11,818.42 (8) Minus the federal constant (K) based on the annual taxable income on line 6 (see Chart 1) − (2,935.00) (9) Federal tax (line 7 minus line 8) $8,883.42 (10) Minus the federal tax credits: the total of personal tax credit amounts reported on the federal Form TD1 $15,000.00 the CPP contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 the Canada employment amount (annual maximum $1,368.00) 1,368.00 Total $20,286.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (11) Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15 (12) Total federal tax credits − (3,042.93) (13) Total federal tax payable for the year (line 9 minus line 12) $5,840.49 Calculate provincial tax Description Sub-amounts Amounts (14) Basic provincial tax for Manitoba: Multiply the amount on line 6 by the provincial tax rate (V) based on Chart 2 $57,650.84 × 0.1275 $7,350.48 (15) Minus the provincial constant (KP) based on the annual taxable income on line 6 (see Chart 2) − (718.00) (16) Provincial tax on income for Manitoba (line 14 minus line 15) $6,632.48 (17) Minus the provincial tax credits: the total of personal tax credit amounts reported on Form TD1MB $10,855.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 Total $14,773.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (18) Multiply the total on line 17 by the lowest provincial tax rate for the year. × 0.1080 (19) Total provincial tax credits − (1,595.51) (20) Total provincial tax payable for the year (line 16 minus line 19) 5,036.97 Calculate total tax and the tax deduction for the pay period Description Sub-amounts Amounts (21) Total federal and provincial tax deductions for the year (line 13 plus line 20). ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 − $(91.33) * This amount has to be deducted at source. (3) Net remuneration for the pay period (line 1 minus line 2) $1,108.67 (4) Net annual income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on the Form TD1 − (0.00) (6) Annual taxable income (line 4 minus line 5) $57,650.84 Calculate federal tax Description Sub-amounts Amounts (7)-- Multiply the amount on line 6 by the federal tax rate (R) based on Chart 1 $57,650.84 × 0.205--- $11,818.42 (8) Minus the federal constant (K) based on the annual taxable income on line 6 (go to Chart 1)- − (2,935.00) (9)-- Federal tax (line 7 minus line 8)- $8,883.42 (10)- Minus the federal tax credits:-- the total of personal tax credit amounts reported on the federal Form-TD1 $15,000.00- the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76- the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45- the Canada employment amount (annual maximum $1,368.00) 1,368.00------- Total $20,286.21- *-Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations-- (11)- Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15- (12)- Total federal tax credits- − (3,042.93) (13)- Total federal tax payable for the year (line 9 minus line 12)- $5,840.49 Calculate provincial tax Description Sub-amounts Amounts (14) Basic provincial tax for Newfoundland and Labrador: Multiply the amount on line 6 by the provincial tax rate based (V) on Chart 2 $57,650.84 × 0.1450 $8,359.37 (15) Minus the provincial constant (KP) based on the annual taxable income on line 6 (go to Chart 2)- − (2,405.00) (16) Provincial tax on income for Newfoundland and Labrador (line 14 minus line 15)- $5,954.37 (17) Minus the provincial tax credits:-- the total of personal tax credit amounts reported on Form TD1NL $10,382.00- the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76- the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45- Total $14,300.21- *-Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations-- (18) Multiply the total on line 19 by the lowest provincial tax rate for the year. × 0.087- (19) Total provincial tax credits- − (1,244.12) (20) Total provincial tax payable for the year (line 16 minus line 19)- $4,710.25 Calculate total tax and the tax deduction for the pay period Description Sub-amounts Amounts (21) Total federal and provincial tax deductions for the year (line 13 plus line 21). ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 − $(91.33) * This amount has to be deducted at source. (3) Net remuneration for the pay period (line 1 minus line 2) $1,108.67 (4) Annual net income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on the federal Form TD1 − (0.00) (6) Annual taxable income (line 4 minus line 5) $57,650.84 Calculate federal tax Description Sub-amounts Amounts (7) Multiply the amount on line 6 by the federal tax rate based on Chart 1 $57,650.84 × 0.205 $11,818.42 (8) Minus the federal constant based on the annual taxable income on line 6 (go to Chart 1) − (2,935.00) (9) Federal tax (line 7 minus line 8) $8,883.42 (10) Minus the federal tax credits: the total of personal tax credit amounts reported on the federal Form TD1 $15,000.00 the CPP contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 the Canada employment amount (annual maximum $1,368.00) 1,368.00 Total $20,286.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (11) Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15 (12) Total federal tax credits − ($3,042.93) (13) Total federal tax payable for the year (line 9 minus line 12) $5,840.49 Calculate provincial tax Description Sub-amounts Amounts (14) Basic provincial tax for British Columbia: Multiply the amount on line 6 by the provincial tax rate based on Chart 2 $57,650.84 × 0.0770 $4,439.11 (15) Minus the provincial constant based on the annual taxable income on line 6 (go to Chart 2) − (1,205.00) (16) Provincial tax on income for British Columbia (line 14 minus line 15) $3,234.11 (17) Minus the provincial tax credits: the total of personal tax credit amounts reported on Form TD1BC $11,981.00 the CPP contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 Total $15,899.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (18) Multiply the total on line 17 by the lowest provincial tax rate for the year. × 0.0506 (19) Total provincial tax credits − ($804.50) (20) Provincial tax payable before reduction (line 16 minus line 19) $2,429.61 (21) Minus the British Columbia tax reduction: where net income (line 4) is less than or equal to $23,179, the tax reduction is $521 where net income (line 4) is greater than $23,179 and less than or equal to $37,814, the tax reduction is $521 minus 3.56% of the income greater than $23,179 where net income (line 4) is greater than $37,814, the tax reduction is $0 − ($0.00) (22) Total provincial tax payable for the year (line 20 minus line 21) $2,429.61 Calculate total tax and the tax deduction for the pay period Description Sub-amounts Amounts (23) Total federal and provincial tax deductions for the year (line 13 plus line 22). ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 − $(91.33) * This amount has to be deducted at source. (3) Net remuneration for the pay period $1,108.67 (4) Net annual income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on Form TD1 − (0.00) (6) Annual taxable income $57,650.84 Calculate federal tax Description Sub-amounts Amounts (7) Basic federal tax: Multiply the amount on line 6 by the federal tax rate (R) based on Chart 1 $57,650.84 × 0.205 $11,818.42 (8) Minus the federal constant (K) based on the annual taxable income on line 6 (see Chart 1) − (2,935.00) (9) Federal tax (line 7 minus line 8) $8,883.42 (10) Minus the federal tax credits: the total of personal tax credit amounts reported on the federal Form TD1 $15,000.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 the Canada employment amount (annual maximum $1,368.00) 1,368.00 Total $20,286.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (11) Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15 (12) Total federal tax credits − (3,042.93) (13) Total federal tax payable for the year (line 9 minus line 12) $5,840.49 Calculate provincial tax Description Sub-amounts Amounts (14) Basic provincial tax for Saskatchewan: Multiply the amount on line 6 by the provincial tax rate (V) based on Chart 2 $57,650.84 × 0.125 $7,206.36 (15) Minus the provincial constant (KP) based on the annual taxable income on line 6 (see Chart 2) − (994.00) (16) Provincial tax on income for Saskatchewan (line 14 minus line 15) $6,212.36 (17) Minus the provincial tax credits: the total of personal tax credit amounts reported on Form TD1SK $17,661.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 Total $21,579.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (18) Multiply the total on line 17 by the lowest provincial tax rate for the year. × 0.105 (19) Total provincial tax credits $2,265.82 (20) Total provincial tax payable for the year (line 16 minus line 19) $3,946.54 Calculate total tax and the tax deduction for the pay period Description Sub-amounts Amounts (21) Total federal and provincial tax deductions for the year (line 13 plus line 20). ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... Tax rates and income thresholds For 2023, the Nunavut tax rates and income thresholds are: Chart 2 – 2023 Nunavut tax rates and income thresholds Annual taxable income ($) from Annual taxable income ($) to Territorial tax rate, V Constant ($), KP 0.00 50,877.00 0.0400 0 50,877.01 101,754.00 0.0700 1,526 101,754.01 165,429.00 0.0900 3,561 165,429.01 and over 0.1150 7,697 Personal amounts For 2023, the Nunavut non‑refundable personal tax credits are: Personal amounts Basic personal amount ($) Maximum spouse or common-law partner amount ($) Maximum amount for an eligible dependant ($) 17,925 17,925 17,925 For more detailed information on the personal amounts, see Form TD1NU, 2023 Nunavut Personal Tax Credits Return. ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 − $(91.33) * This amount has to be deducted at source. (3) Net remuneration for the pay period (line 1 minus line 2) $1,108.67 (4) Net annual income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on the Form TD1 − (0.00) (6) Annual taxable income (line 4 minus line 5) $57,650.84 Calculate federal tax Description Sub-amounts Amounts (7)-- Multiply the amount on line 6 by the federal tax rate (R) based on Chart 1 $57,650.84 × 0.205-- $11,818.42 (8) Minus the federal constant (K) based on the annual taxable income on line 6 (see to Chart 1)- − (2,935.00) (9)-- Federal tax (line 7 minus line 8)- $8,883.42 (10)- Minus the federal tax credits:-- the total of personal tax credit amounts reported on the federal Form TD1 $15,000.00- the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76- the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45- the Canada employment amount (annual maximum $1,368.00) 1,368.00- Total $20,286.21- *-Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations-- (11)- Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15- (12)- Total federal tax credits- − (3,042.93) (13)- Total federal tax payable for the year (line 9 minus line 12)- $5,840.49 Calculate provincial tax Description Sub-amounts Amounts (14) Basic provincial tax for Nova Scotia: Multiply the amount on line 6 by the provincial tax rate (V) based on Chart 2 $57,650.84 × 0.1495 $8,618.80 (15) Minus the provincial constant (KP) based on the annual taxable income on line 6 (see Chart 2)- − (1,823.00) (16) Provincial tax on income for Nova Scotia (line 14 minus line 15)- $6,795.80 (17) Minus the provincial tax credits: the total of personal tax credit amounts reported on Form TD1NS $11,481.00- the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76- the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45- Total $15,933.21- *-Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations-- (18) Multiply the total on line 17 by the lowest provincial tax rate for the year. × 0.0879- (19) Total provincial tax credits- − (1,353.59) (20) Total provincial tax payable for the year (line 16 minus line 19)- $5,442.21 Calculate total tax and the tax deduction for the pay period Description Sub-amounts Amounts (21) Total federal and provincial tax deductions for the year (line 13 plus line 20). ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 &nbsp &nbsp &nbsp − $(91.33) * This amount has to be deducted at source. (3) Net remuneration for the pay period $1,108.67 (4) Net annual income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on Form TD1 − (0.00) (6) Annual taxable income $57,650.84 Calculate federal tax Description Sub-amounts Amounts (7) Multiply the amount on line 6 by the federal tax rate (R) based on Chart 1 $57,650.84 × 0.205 $11,818.42 (8) Minus the federal constant (K) based on the annual taxable income on line 6 (see Chart 1) − (2,935.00) (9) Federal tax (line 7 minus line 8) $8,883.42 (10) Minus the federal tax credits: the total of personal tax credit amounts reported on the federal Form TD1 $15,000.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) $2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * $1,002.45 the Canada employment amount (annual maximum $1,368.00) $1,368.00 Total $20,286.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (11) Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15 (12) Total federal tax credits − (3,042.93) (13) Total federal tax payable for the year (line 9 minus line 12) $5,840.49 Calculate provincial tax Description Sub-amounts Amounts (14) Basic provincial tax for New Brunswick: Multiply the amount on line 6 by the provincial tax rate (V) based on Chart 2 $57,650.84 × 0.1400 $8,071.12 (15) Minus the provincial constant (KP) based on the annual taxable income on line 6 (see Chart 2) (2,195.00) (16) Provincial tax on income for New Brunswick (line 14 minus line 15) $5,876.12 (17) Minus the provincial tax credits: the total of personal tax credit amounts reported on Form TD1NB $12,458.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) $2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * $1,002.45 Total $16,376.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (18) Multiply the total on line 17 by the lowest provincial tax rate for the year. × 0.0940 (19) Total provincial tax credits (1,539.36) (20) Basic provincial tax (line 16 minus line 19) $4,336.76 Calculate total tax and the tax deduction for the pay period Description Sub-amounts Amounts (27) Total federal and provincial tax deductions for the year (line 13 plus line 26). ...

Table of contents Section A What's new as of January 1, 2023 Upcoming changes as of January 1, 2024 Payroll Deductions Tables Payroll Deductions Online Calculator Let us notify you Special Notice Payroll Deductions Tables (T4032) Who should use this guide? ... Upcoming changes as of January 1, 2024 As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings up to the second earnings ceiling will be subject to the second additional contributions rate. ... The CPP contributions and the EI premiums are: CPP contributions = 0.0595 × ($1,200 – ($3,500/52)) = $67.40 EI premiums = 0.0163 × $1,200 = $19.56 Calculate annual taxable income Description Sub-amounts Amounts (1) Gross remuneration for the pay period (weekly) $1,200.00 (2) Minus CPP additional contribution ($67.40 × (0.0100/0.0595)) 11.33 the RRSP contributions * 80.00 − $(91.33) * This amount has to be deducted at source. (3) Net remuneration for the pay period $1,108.67 (4) Net annual income ($1,108.67 × 52 weeks) $57,650.84 (5) Minus the annual deduction for living in a prescribed zone, reported on Form TD1 − (0.00) (6) Annual taxable income $57,650.84 Calculate federal tax Description Sub-amounts Amounts (7) Basic federal tax: Multiply the amount on line 6 by the federal tax rate (R) based on Chart 1 $57,650.84 × 0.205 $11,818.42 (8) Minus the federal constant (K) based on the annual taxable income on line 6 (see Chart 1) − (2,935.00) (9) Federal tax (line 7 minus line 8) $8,883.42 (10) Minus the federal tax credits: the total of personal tax credit amounts reported on the federal Form TD1 $15,000.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45)* ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45)* 1,002.45 the Canada employment amount (annual maximum $1,368.00) 1,368.00 Total $20,286.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (11) Multiply the total on line 10 by the lowest federal tax rate for the year. × 0.15 (12) Total federal tax credits − ($3,042.93) (13) Total federal tax payable for the year (line 9 minus line 12) $5,840.49 Calculate provincial tax Description Sub-amounts Amounts (14) Basic provincial tax for Prince Edward Island: Multiply the amount on line 6 by the provincial tax rate (V) based on Chart 2 $57,650.84 × 0.138 $7,955.82 (15) Minus the provincial constant (KP) based on the annual taxable income on line 6 (see Chart 2) − (1,279.00) (16) Provincial tax on income for Prince Edward Island (line 14 minus line 15) $6,676.82 (17) Minus the provincial tax credits: the total of personal tax credit amounts reported on Form TD1PE $12,000.00 the CPP base contributions for the pay period multiplied by the number of pay periods in the year (annual maximum $3,123.45) * ($67.40 × (0.0495/0.0595) × 52) 2,915.76 the EI premiums for the pay period multiplied by the number of pay periods in the year (annual maximum $1,002.45) * 1,002.45 Total $15,918.21 * Note When the maximum CPP contributions or EI premiums for the year is reached, use the maximum amount for later calculations (18) Multiply the total on line 17 by the lowest provincial tax rate for the year × 0.098 (19) Total provincial tax credits − ($1,559.98) (20) Basic provincial tax (line 16 minus line 19) $5,116.84 (21) Add provincial surtax: where line 20 is less than or equal to $12,500, the surtax is $0 where line 20 is greater than $12,500, the surtax is 10% of line 20 that exceeds $12,500 0.00 (22) Total provincial tax payable for the year (line 20 plus line 21) $5,116.84 Calculate total tax and the tax deduction for the pay period Description Sub-amounts Amounts (23) Total federal and provincial tax deductions for the year (line 13 plus line 22). ...