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Canada Payroll Tax Calculator 2024

Calculate 2024 employee deductions and employer contributions.

Introduction

🎯 What

Calculates 2024 deductions for CPP, EI, and Income Tax from your gross pay.

👥 Who

For employees estimating net pay and employers planning 2024 payroll budgets.

💡 Why

Accurate 2024 estimates help with financial planning and tax compliance.

💰 2024 Payroll Details

Province

Frequency

Gross Salary (Per Pay Period)

Exemptions

CPP Exempt?

EI Exempt?

Deductions (RRSP/Union)

Total Tax Credits (Annual)

Default: 2024 Basic Personal Amount

📊 Summary

Calculating...

2024 Payroll Constants

CPP (2024)

5.95%

Max Pen earnings: $68,500

EI (2024)

1.66%

Max Insurable: $63,200

Federal Tax

15% - 33%

Basic Personal Amt: ~$15,705

2024 Federal Brackets

15% on first $53,359
20.5% on next $53,358 ($53,359 to $106,717)
26% on next $58,713 ($106,717 to $165,430)
29% on next $70,245 ($165,430 to $235,675)
33% on income over $235,675

FAQ

Q: Do rates differ by province?

A: Yes, provincial tax rates vary significantly. CPP/EI are federal (except Quebec QPP).

Q: What about CPP2?

A: 2024 introduces CPP2 (Second Additional CPP Contribution) for earnings between $68,500 and $73,200.

Disclaimer: Based on 2024 CRA payroll formulas. Figures are estimates. Consult a payroll professional.