Are you familiar with your payroll tax obligations? CPP & EI rates went up again on January 1st. To help you out, we’ve prepared a chart with both federal and provincial/territorial payroll deductions for 2025.
More than 80% of business owners say now is not the time to increase the cost of doing business. If your business needs relief from rising costs, make sure to sign our petition calling on the federal government to introduce a small business rebate.
The Canada Pension Plan (CPP) is a retirement pension that replaces part of your income once you retire. In 2024, CRA launched the CPP enhancement, commonly referred to as CPP2.
You can’t lower payroll taxes, but you can cut the cost of running payroll. CFIB members save up to 40% with Canadian-owned Payworks—offering cloud-based Payroll, HR, and Time Management tools, backed by dedicated service.
Depending on location, an employer pays between 3 and 7 payroll taxes, making it less affordable for employers to raise wages and create new jobs. Read our recommendations to government on how to modify payroll taxes and enhance small business growth.