- (2024-2025): A second higher earnings ceiling (CPP2) of $73,200 (approximately 7% higher than CPP1 ceiling) was introduced for 2024
-For 2024, the Federal Basic Exemption increases to $15,705 for those with a net income of $173,205 or less
- For 2023, the Federal Basic Exemption increases to $15,000 for those with a net income of $165,430 or less
Resources
Payroll Deduction Rates
Taxable benefits and allowances source deductions
