The new CPP and EI rates have been released for 2018
The employee and employer contribution rates for 2018 will remain unchanged at 4.95%, and the self-employed contribution rate will remain unchanged at 9.9%.
The maximum employer and employee contributions to the plan for 2018 will be $2,593.80 each, and the maximum self-employed contribution will be $5187.60. The maximums in 2017 were $2564.10 and $5128.20.
The EI rates for 2018 are 1.66% up to the maximum annual insurable earnings of $51,700 with an max annual employee premium of $858.22 and employer max of $1,201.51.
The EI rates for 2017 were 1.63% up to the maximum annual insurable earnings of $51,300 with an max annual employee premium of $836.19 and employer max of $1,170.67.
http://www.oncorebookkeeping.ca/wp-content/uploads/2017/12/cpp_image.jpg179175Alisonhttp://www.oncorebookkeeping.ca/wp-content/uploads/2016/06/logo-1.jpgAlison2017-12-15 21:42:192017-12-15 21:42:19New CPP 2018 and EI 2018 Rates