 |
 |
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 | Combined fed. & prov. Rate | 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 | Combined fed. & prov. Rate | 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 RatesCPP 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
|
|
|
 |
|
