CPP Maximum 2011 | 2011 CPP RatesThe CPP Rate, effective January 1, 2011, remain unchanged at 4.95% of pensionable earnings. The maximum CPP contribution is $2,217.60 for the 2011 taxation year. The basic exemption amount for 2011 remains $3,500. Individuals who earn less than that amount do not need to contribute to the CPP. |
CPP EI Maximum 2011 | CPP EI Rates, Contributions, Deductions
CPP Maximum 2010
CPP Maximum 2010 | CPP RatesThe CPP Rate, effective January 1, 2010, remain unchanged at 4.95% of pensionable earnings. The maximum CPP contribution is $2,163.15 for the 2010 taxation year. The basic exemption amount for 2010 remains $3,500. Individuals who earn less than that amount do not need to contribute to the CPP. The self-employed CPP contribution rate will remain unchanged at 9.9%. The maximum employer and employee CPP contribution to the plan for 2010 will be $2,163.15, and the maximum self-employed contribution will be $4,326.30. The CPP maximums in 2009 were $2,118.60 and $4,237.20. |
2010 RRSP Tax Savings Calculator Canada
RRSP Tax Savings Calculator Canada for the Year 2010Calculate the tax savings your 2010 RRSP (Registered Retirement Saving Plan) contribution generates in each province and territory. RRSP Contribution Deadline for 2010 Tax Year: March 01, 2011! 2010 RRSP tax savings calculator will estimate your RRSP tax savings based on your RRSP contribution amount and income level for the year 2009. Be sure to enter your RRSP over contribution amount, if any. |
2010 Canadian Income Tax Rates | Personal Income Tax Rates Canada
2010 Canadian Income Tax Rates | Personal Income Tax Rates Canada
Both the federal and provincial governments have imposed income taxes on individuals and the federal government charges the bulk of income taxes with the provinces charging a somewhat lower percentage. Income taxes throughout Canada are progressive with the high income residents paying a higher percentage than the low income residents.
Federal Income Tax Rates for the Year 2010:
- 15% on the first $40,970 of taxable income, +
- 22% on the next $40,971 of taxable income (on the portion of taxable income between $40,970 and $81,941), +
- 26% on the next $45,080 of taxable income (on the portion of taxable income between $81,941 and $127,021), +
- 29% of taxable income over $127,021
2010 RRSP Contribution | RRSP Deduction Limit | RRSP Deadline
RRSP Contribution | RRSP Deduction Limit | RRSP Deadline for the Year 2010
RRSP Contribution Deadline for the 2010 Tax Year: March 01, 2011!
How much can I contribute to my own RRSPs?
The maximum RRSP contribution limit for the year 2010 is $22,000. However, if you did not use all of your RRSP contribution limit for the years 1991-2009, you can carry forward the unused amount to 2010. Therefore, your RRSP contribution limit for the year 2010 may be more than $22,000.
The maximum RRSP contribution limit for subsequent years is as follows:
- 2010 maximum RRSP contribution limit: $22,000
- 2011 maximum RRSP contribution limit: $22,450
- 2009 maximum RRSP contribution limit: $21,000
- 2008 maximum RRSP contribution limit: $20,000
- 2007 maximum RRSP contribution limit: $19,000
CPP EI Maximum 2010 | EI Deduction & Contribution
EI (Employment Insurance) Maximum for the Year 2010
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Your rate of EI premiums (excluding employees working in the province of Quebec), for the 2010 taxation year remains at 1.73% of insurable earnings. The annual maximum insurable earnings have increased from $42,300 to $43,200. Once you reach the annual maximum premium deduction of $747.36 in 2010, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay. If you reached the maximum EI premiums during the previous year, you will recommence paying EI premiums in the new year until the maximum premium level is reached. |
2010 Personal Income Tax Calculator | Personal Income Tax Rates Canada
2010 Personal Income Tax Calculator & Personal Income Tax Rates Canada
Calculate your 2010 personal income tax combined federal and provincial tax bill in each province and territory of Canada. The calculator reflects known rates as of Janunary 06, 2010 and please also note that the personal income tax calculator doesn’t reflect the CPP and EI deductions or contributions for your 2010 personal income tax rates.
CPP Overpayment | EI Overpayment
Sometimes, you may pay more than the maximum amount of CPP (Canada Pension Plan) or QPP (Quebec Pension Plan) and EI (Employment Insurance) premiums for the year. This can happen when you have changed your job during the year. When you start a new job, CPP / EI premiums are calculated without regarding CPP / EI paid at your previous job, so it is possible to pay more than the CPP and EI maximum for the year. (Check out CPP / EI Maximum for the year.)
