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Employment Withholdings—Federal

Canada Pension Plan

2013

2014

Maximum annual pensionable earnings

$ 51,100

$ 52,500

Basic exemption

$   3,500

$   3,500

Maximum contributory earnings

$ 47,600

$ 49,000

Employer and employee contribution rate

4.95%

4.95%

Maximum annual employer and 

employee contributions

$   2,356

$   2,426

Maximum annual self-employed contributions

$   4,712

$   4,851

Employment Insurance

2013

2014

Maximum annual insurable earnings

$ 47,400

$ 48,600

Employee’s premium rate

1.88%

1.88%

Maximum annual employee premiums

$      891

$      914

Employer’s premium rate 

2.63%

2.63%

Maximum annual employer premiums

$   1,248

$   1,279

© 2014 KPMG LLP, a Canadian limited liability partnership and a member firm of the KPMG network of independent member firms

affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

Current as of December 31, 2014