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

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Mar 4th, 2018 8:36 pm

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Mar 4th, 2018 5:50 pm

HghSsociety [OP]: Deal Addict; Feb 16, 2018; 1292 posts; 1311 upvotes

Mar 4th, 2018 5:50 pm

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?

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Mar 4th, 2018 8:36 pm

Jay-c: Deal Addict; Aug 18, 2004; 1220 posts; 119 upvotes; Toronto

Mar 4th, 2018 8:36 pm

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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