346
Federal tax deductions
Effective January 1, 2015
Monthly (12 pay periods a year)
Also look up the tax deductions in the provincial table
Pay
FromLess than CC0 CC1 CC2 CC3 CC4 CC5 CC6 CC7 CC8 CC9 CC10
1533 - 1551 203.35 61.75 48.25 21.20
1551 - 1569 205.85 64.25 50.75 23.70
1569 - 1587 208.35 66.80 53.25 26.20
1587 - 1605 210.90 69.30 55.80 28.75 1.70
1605 - 1623 213.40 71.80 58.30 31.25 4.20
1623 - 1641 215.90 74.35 60.80 33.75 6.70
1641 - 1659 218.45 76.85 63.30 36.25 9.20
1659 - 1677 220.95 79.35 65.85 38.80 11.75
1677 - 1695 223.45 81.90 68.35 41.30 14.25
1695 - 1713 226.00 84.40 70.85 43.80 16.75
1713 - 1731 228.50 86.90 73.40 46.35 19.30
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FIGURE 11A.1
Workers’ Compensation
Workers' compensation is calculated on gross pay for most employees in a business.There are two
items that must be known to calculate the workers’ compensation premium
1. Maximum insurable earnings ceiling
2. Rate assigned
Each provincial workers’ compensation board will determine the maximum insurable earnings
ceiling and assign rates for each broad industry category.The maximum insurable earnings ceiling
indicates that the employer must pay workers’ compensation on gross pay up to the maximum
specified. In Ontario, the maximum insurable earnings ceiling is $85,200 for 2015.
The rates are assigned as a dollar amount per $100 of gross payroll.The rates are different for each
broad industry category the workers’ compensation board has defined and can change each year.
In Ontario for 2015, the lowest rate is for businesses classified as legal and financial services.They
pay $0.21 per $100 of gross payroll.The highest rate is for businesses classified as form work and
demolition.They pay $18.31 per $100 of gross payroll. Each individual business can lower its rate
if it meets certain criteria, such as having a very safe work record. Conversely, having many work-
related injuries can cause the rate to increase.
The calculation for the workers’ compensation payment is shown below.
Gross Pay × Rate
100 =Workers’ Compensation Payment
Chapter 11 Appendix
Payroll
