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How do I calculate CPP contributions for a new employee in Ontario making $85,000?

For 2024, the CPP calculation in Ontario requires two tiers:

  • Base CPP: 5.95% on earnings between $3,500–$68,500 (YMPE).
  • CPP2 (Additional): 4.00% on earnings between $68,500–$73,200 (YAMPE).

Source: CRA T4001 Employers' Guide 2024

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Payroll Is More Complex Than Ever

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Regulations Keep Changing

CRA updates, provincial changes, T4 slips, ROEs, and fluctuating CPP/EI rates.

Hours Lost to Research

Professionals waste hours cross-referencing CRA guides and provincial acts.

Costly Compliance Errors

Miscalculations lead to heavy CRA penalties and frustrated employees.

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Based on CRA Guidelines

"Statutory holiday pay in British Columbia is calculated as total wages divided by days worked in the 30 calendar days before the holiday."
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BC ESA CRA Guide

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