Entrepreneurship & Small Business

Is there a way to calculate what the employer portion of EI and CPP would be?

  • Last Updated:
  • Mar 4th, 2018 8:36 pm
[OP]
Sr. Member
Feb 16, 2018
904 posts
852 upvotes

Is there a way to calculate what the employer portion of EI and CPP would be?

I am starting a new business and plan to hire a few part time staff and . I am trying to calculate my expenses and how much CPP and EI I will have to pay. Is there a way to figure out what the employers portion will cost when staffing x number of hour per week?
1 reply
Deal Addict
Aug 18, 2004
1204 posts
116 upvotes
Toronto
EI: Employer portion is 2.324% (1.4x the employee's rate of 1.66%) of the employee's earnings, to a max of $1,201.51 for 2018

CPP: Employer portion is 4.95% (same as employee's rate) of earnings, max of $2,593.80.

CRA has an online calculator, if you want to simulate an employee's earnings to see what it looks like.

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