Skip to main content

Changes to your pay effective January 2018

As the New Year begins, the Payroll Department would like to remind you of some changes effective your first pay of 2018.

CANADA PENSION PLAN (CPP)

If you reached the maximum contributions in 2017 of $2,564.10, you did not have this deduction on the final pays of the year. Please remember that effective the first pay in 2018, this deduction will start again. The maximum contribution for 2018 has increased to $2,593.80.

EMPLOYMENT INSURANCE (EI)

If you reached the maximum contributions in 2017 of $836.19, you did not have this deduction on the final pays of the year. Please remember that effective the first pay in 2018, this deduction will start again. The maximum contribution for 2018 has increased to $858.22.

FEDERAL AND PROVINCIAL PERSONAL TAX CREDITS - TD1/TD1ON

Effective the first pay of 2018, all employees will have their payroll tax records reset to the new 2018 basic tax exemption rates. The 2018 basic personal amounts are:

  • Federal - $11,809
  • Ontario - $10,354

If you are entitled to further tax exemptions, please complete the 2018 TD1 and TD1-ON and send them to the Payroll Department, Markham Campus or email as soon as possible.

CAAT PENSION CONTRIBUTIONS

If you are a member of the CAAT Pension Plan, the contribution rate for earnings below $55,900 is 11.2 per cent, and the rate for earnings above the $55,900 is 14.8 per cent.

2017 T4/ T4A

T4 and T4A will be available at the end of February 2018.

If you have any further questions regarding your payroll deductions, please contact the Payroll Department at ext.77130.