Tax Information for North America
A few notes on Canadian and U.S. payroll and sales/trade taxes.
NewViews™ - 21st Century Accounting Technology
Payroll Taxes - Canada
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
|
|---|---|---|---|---|---|---|
| CPP Basic Exemption | 3,500 |
|||||
| CPP Contribution Rate | 4.95% |
|||||
| CPP/QPP Maximum Pensionable Earnings | 50,100 |
48,300 |
47,200 |
46,300 |
44,900 |
43,700 |
| CPP Maximum Deduction | 2,306.70 |
2,217.60 |
2,163.15 |
2,118.60 |
2,049.30 |
1,989.90 |
| EI Premium Rate | 1.83% |
1.78% |
1.73% |
1.80% |
||
| EI Maximum Insurable Earnings | 45,900 |
44,200 |
43,200 |
42,300 |
41,100 |
40,000 |
| EI Maximum Premium | 839.97 |
786.76 |
747.36 |
731.79 |
711.03 |
720.00 |
| RPP/RRSP Limit | 22,970 |
22,450 |
22,000 |
21,000 |
20,000 |
19,000 |
Quebec |
||||||
| QPP Premium Rate | 5.025% |
4.95% |
||||
| QPP Maximum Premium | 2,341.65 |
2,217.60 |
2,163.15 |
2,118.60 |
2,049.30 |
1,989.90 |
| EI Premium Rate | 1.47% |
1.41% |
1.36% |
1.38% |
1.39% |
1.46% |
| EI Maximum Premium | 674.73 |
623.22 |
587.52 |
583.74 |
571.29 |
584.00 |
| Employee QPIP Premium Rate | 0.559% |
0.537% |
0.506% |
0.484% |
0.450% |
0.416% |
| Employee QPIP Maximum Insurable Earnings | 66,000 |
64,000 |
62,500 |
62,000 |
60,500 |
59,000 |
| Employee QPIP Maximum Premium | 368.94 |
343.68 |
316.25 |
300.08 |
272.25 |
245.44 |
| Employer QPIP Premium Rate | 0.782% |
0.752% |
0.708% |
0.677% |
0.630% |
0.583% |
| Employer QPIP Maximum Premium (per employee) |
516.12 |
481.28 |
442.50 |
419.74 |
381.15 |
343.97 |
Payroll Taxes - USA
2012 |
2011 Jul-Dec |
2011 Jan-Jun |
2010 |
2009 |
2008 |
2007 |
|
|---|---|---|---|---|---|---|---|
| FICA Maximum Wage Base | 110,100 |
106,800 |
102,000 |
97,500 |
|||
| FICA Tax Rate | 4.2% employee Social Security 6.2% employer Social Security 1.45% Medicare |
6.2% employee Social Security 6.2% employer Social Security 1.45% Medicare |
|||||
| FICA Maximum Tax | 4,624.20 |
4,485.60 |
6,621.60 |
6,324.00 |
6,045.00 |
||
| FUTA Taxable Wage Base | 7,000 |
||||||
| FUTA Tax Rate | 6.0% |
6.2% |
|||||
| FUTA Maximum Credit | 5.4% |
||||||
| Minimum FUTA Deposit Rate | 0.6% |
0.8% |
|||||
| US Withholding Allowance | 3,800 |
3,700 |
3,650 |
3,500 |
3,400 |
||
| CA SDI Miximum | 95,585 |
93,316 |
90,669 |
86,698 |
83,389 |
||
| CA SDI Rate | 1.0% |
1.2% |
1.1% |
0.8% |
|||
Sales Taxes - Canada
from |
Jan 2011 to |
Jul 2010 to |
Jan 2008 to |
Jul 2006 to |
Apr 1997 to |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan 2012 |
Dec 31, 2011 |
Dec 31, 2010 |
Jun 30, 2010 |
Dec 31, 2007 |
Jun 30, 2006 |
|||||||||||||
HST |
GST |
PST |
HST |
GST |
PST |
HST |
GST |
PST |
HST |
GST |
PST |
HST |
GST |
PST |
HST |
GST |
PST |
|
| Alberta | 5% |
5% |
5% |
5% |
6% |
7% |
||||||||||||
| British Columbia | 12% |
12% |
12% |
5% |
7% |
6% |
7% |
7% |
7% |
|||||||||
| Manitoba | 5% |
7% |
5% |
7% |
5% |
7% |
5% |
7% |
6% |
7% |
7% |
7% |
||||||
| New Brunswick | 13% |
13% |
13% |
13% |
14% |
15% |
||||||||||||
| Newfoundland | 13% |
13% |
13% |
13% |
14% |
15% |
||||||||||||
| Nova Scotia | 13% |
13% |
13% |
13% |
14% |
15% |
||||||||||||
| Ontario | 13% |
13% |
13% |
5% |
8% |
6% |
8% |
7% |
8% |
|||||||||
| Price Edward Island * | 5% |
10% |
5% |
10% |
5% |
10% |
5% |
10% |
6% |
10% |
7% |
10% |
||||||
| Quebec ** | 5% |
9.5% |
5% |
8.5% |
5% |
7.5% |
5% |
7.5% |
6% |
7.5% |
7% |
7.5% |
||||||
| Saskatchewan | 5% |
5% |
5% |
5% |
5% |
5% |
5% |
5% |
6% |
5% |
7% |
5% |
||||||
| Northwest Territories | 5% |
5% |
5% |
5% |
6% |
7% |
||||||||||||
| Nunavut | 5% |
5% |
5% |
5% |
6% |
7% |
||||||||||||
| Yukon | 5% |
5% |
5% |
5% |
6% |
7% |
||||||||||||
* Note: in Prince Edward Island and Quebec the PST is Compounded on top of the GST .
** Note: in Quebec, TVH is the HST, TPS is the GST, and TVQ is the PST/QST.