As payroll is a dynamic field, rates may change each year for various statutory deductions, remittances, employment standards, etc. As our textbook is based on 2020 rates, we need to have a working document we can refer to for 2021 rates; which we will be using throughout this course.

Complete/update the attached chart. You will have to research online for the new rates as your textbook is based on 2020 rates. Make sure to use credible sources and record the websites you used.

CPP 2022 2019 5.10% 2020 5.25% 2021 5.45% $57,400 $58,700 $61,600 CPP contribution rate CPP max annual pensionable earnings CPP max annual EE and ER contribution $2,748.90 $2,898.00 $3,166.45 2022 2019 1.62% $53,100 2020 1.58% $54,200 2021 1.58% $56,300 $860.22 $856.36 $952.74 El rate El max annual insurable earnings El max annual EE premium El max annual ER premium (1.4 X EE) $1,204.31 $1,198.90 $1,333.84 Ontario Employer's Health Tax 2022 EHT Exemption --$ 2021 EHT Exemption -- $1,000,000 (Permanently) 2020 EHT Exemption -- $490,000 ($1,000,000 temporarily due to COVID-19) 2019 EHT Exemption -- $490,000 Ontario WSIB (Workers Safety Insurance Board) 2022 2019 $92,600 2020 $95,400 2021 $97,308 WSIB max annual assessable earnings Minimum Wage 2022 2021 $15.00 Alberta British Columbia $15.20 Manitoba $11.95 New Brunswick $11.75 Newfoundland & Labrador $12.75 Northwest Territories $15.20 Nova Scotia $12.95 Nunavut $16.00 Ontario $14.35 $13.00 Prince Edward Island $13.50 Quebec Saskatchewan $11.51 Yukon $15.20