At-a-Glance Payroll Information.
Minimum wage, CPP and EI premium rates are key for employers to know. This information sheet gives you 2018 rates you need to prepare your budget.
Please click here to download a printable copy
Minimum Wage Rates
The minimum wage rates in Ontario are changing as of June 1, 2018!
Please consult the following chart for the changes:
|
Minimum Wage Rate |
Current rates as of |
Effective Jan 1, 2019
|
| General Minimum Wage | $14.00 per hour |
$15.00 per hour |
| Student Minimum Wage | $13.15 per hour |
$14.10 per hour |
| Liquor Servers Minimum Wage | $12.20 per hour |
$13.05 per hour |
Source: Ministry of Labour
CPP contribution rate, maximums
| Year | Max. Annual Pensionable Earnings | Employee Contribution Rate (%) | Max. Annual Employee Contribution (to be matched by employer) | Max. Annual Self-Employed Contribution |
|---|---|---|---|---|
| 2018 | $ 55,900 | 4.95 | $ 2,593.80 | $ 5,187.60 |
Source: Canada Revenue Agency
Federal EI premium rates and maximums
| Year | Max. Annual Insurable Earnings | Rate (%) | Max. Annual Employee Premium | Max. Annual Employer Premium (1.4x the employee premium) |
|---|---|---|---|---|
| 2018 | $ 51,700 | 1.6 | $ 858.22 | $ 1,201.51 |
Source: Canada Revenue Agency