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| Total payroll | Contribution rates 2024 |
|---|---|
| Less than $1 million | 1.65% |
| Between $1 and $7,5 millions | 1.2485% + (0.4015% x P1) |
| More than $7,5 millions | 4.26% |
SMBs in the primary and manufacturing sectors
| Total payroll | Contribution rates 2024 |
|---|---|
| Less than $1 million | 1.25% |
| Between $1 and $7,5 millions | 0.7869 % + (0.4631 % x P1) |
| More than $7,5 millions | 4.26% |
SMBs in the public sector
| Total payroll | Contribution rates 2024 |
|---|---|
| Any amount | 4.26% |
1. P = Payroll divided by $1 millions (minimum 1). The letter “P” represents the result obtained by dividing the employer’s total payroll for the calendar year by one million dollars. For example, if an employer’s total payroll is $1,500,000 “P” corresponds to 1.5.
At Nethris, our goal is to help Canadian companies keep up with rapidly changing legislation and to understand the impact of certain governmental requirements on payroll and human resources management. However, the information on this page is intended as a guideline. In the event of a discrepancy between the content of this page and the information provided by official agencies, the latter always takes precedence. Nethris is not responsible for errors and omissions that may be on this page nor for consequences resulting from its use.