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Stephen Lim, C.A.
Henry Yan, C.A.

The Ascent Team
Suite 105- 3380 Maquinna Drive
Vancouver, BC
V5S 4C6, Canada
info@ascentteam.com
Tel. 604.291-0366
Fax. 604.291.0367
 

2013 Personal Income Tax rates

Canadian dividends

Taxable Income

Combined fed. & prov. Rate

Capital Gains

Non-eligible

Eligible

first $37,568

20.06%

10.03%

4.16%

(6.84%)

over $37,568 up to $43,561

22.70%

11.35%

7.46%

(3.20%)

over $43,561 up to $75,138

29.70%

14.85%

16.21%

6.46%

over $75,138 up to $86,268

32.50%

16.25%

19.71%

10.32%

over $86,268 up to $87,123

34.29%

17.15%

21.95%

12.79%

over $87,123 up to $104,754

38.29%

19.15%

26.95%

18.31%

over $104,754 up to $135,054

40.70%

20.35%

29.96%

21.64%

over $135,054

43.70%

21.85%

33.71%

25.78%

 











2013 CPP and EI Rates

CPP contributions

  • The maximum CPP pensionable earnings are $51,100. Maximum contributory earnings are $47,600 ($51,100 less the basic exemption of $3,500).
  • Employer contribution: $47,600 x 4.95% = $2,356.20
  • Self employed person: $47,600 x 9.90% = $4,712.40

Employment Insurance

  • Maximum insurable earnings are $47,400.
  • Employee's premiums: $47,400 x 1.88% = $891.12
  • Employer's premiums: 1.4 times employee's premiums = $1,247.57

2012 Personal Income Tax rates

Canadian dividends

Taxable Income

Combined fed. & prov. Rate

Capital Gains

Non-eligible

Eligible

first $37,013

20.06%

10.03%

4.16%

(6.51%)

over $37,013 up to $42,707

22.70%

11.35%

7.46%

(2.87%)

over $42,707 up to $74,028

29.70%

14.85%

16.21%

6.79%

over $74,028 up to $84,993

32.50%

16.25%

19.71%

10.65%

over $84,993 up to $85,414

34.29%

17.15%

21.95%

13.12%

over $85,414 up to $103,205

38.29%

19.15%

26.95%

18.64%

over $103,205 up to $132,406

40.70%

20.35%

29.96%

21.97%

over $132,406

43.70%

21.85%

33.71%

26.11%



 









2012 CPP and EI Rates

CPP contributions

  • The maximum CPP pensionable earnings are $50,100. Maximum contributory earnings are $46,600 ($50,100 less the basic exemption of $3,500).
  • Employer contribution: $46,600 x 4.95% = $2,306.70
  • Self employed person: $46,600 x 9.90% = $4,613.40

Employment Insurance

  • Maximum insurable earnings are $45,900.00.
  • Employee’s premiums: $45,900 x 1.83% = $839.97
  • Employer’s premiums: 1.4 times employee’s premiums = $1,175.96

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