Below you’ll find all the 2024 rates for:
CPP and QPP
EI, Quebec EI, Reduced EI Rates, and QPIP
Worker's Compensation
Pensionable Adjustment Limits
Federal TD1 Amounts
Provincial TD1 Basic Amounts
Provincial Minimum Wage
2024 Taxable Income Thresholds and Tax Rates
Canada Pension Plan and Québec Pension Plan
Your CPP and QPP rates can be found in CPP/QPP Groups on the Avanti Desktop.
| CPP | QPP |
Max Pensionable Earnings | $68,500 | $68,500 |
Basic Exemption | $3,500 | $3,500 |
Employee Rate | 5.95% | 6.4% |
Maximum Contributions | $3,867.50 | $4,160 |
Enhanced CPP/QPP Amounts | ||
Second Max Pension Earnings | $73,200 | $73,200 |
Second Max Contributions | $188 | $188 |
Second Employee Rate | 4% | 4% |
Employment Insurance and Québec Parental Insurance Plan
Your EI and QPIP rates can be found in EI Groups and QPIP Groups on the Avanti Desktop.
Federal EI | Quebec EI | QPIP | |
Annual maximum insurable earnings | $63,200 | $63,200 | $94,000 |
Premium/contribution employee rate % | 1.66 | 1.32 | 0.494 |
Premium/contribution employer rate % | 2.324 | 1.848 | 0.692 |
Annual maximum employee premium | $1,049.12 | $834.24 | $464.36 |
Annual maximum employer premium | $1,468.77 | $1,167.94 | $650.48 |
EI Premium Reduction Rates
An employer providing a Short-Term Disability (STD) plan may qualify for a lower EI premium rate than the general rate of 1.4 times the employee’s premium rate. Get more information on rate setting.
If you qualify, you must update the Reduced EI Employer factor(s) in Avanti yourself.
Reduced EI Premium Rates for 2024
*Only for employers who have qualifying short term disability plans.
2024 Reduced EI Premium Rates Multiple | |||
Category 1 | Category 2 | Category 3 | Category 4 |
1.263 | 1.175 | 1.177 | 1.155 |
Reduced EI Premium Rates for 2024 (within Québec)
*Only for employers who have qualifying short term disability plans for employees in Québec.
2024 Reduced EI Premium Rates Multiple (within Québec) | |||
Category 1 | Category 2 | Category 3 | Category 4 |
1.228 | 1.116 | 1.119 | 1.092 |
Worker's Compensation
Worker’s Compensation for WCB, WSIB, and CSST can be found in Worker’s Comp Groups on the Avanti Desktop. Be sure to update Avanti with your 2024 rates and verify your maximum assessable earnings once you’ve Initialized Employee Totals.
Province | 2024 Maximum Assessable Earnings |
British Columbia | $116,700 |
Alberta | $104,600 |
Saskatchewan | $99,945 |
Manitoba | $160,510 |
Ontario | $112,500 |
Quebec | $94,000 |
New Brunswick | $76,900 |
Nova Scotia | $72,500 |
Prince Edward Island | $78,400 |
Newfoundland and Labrador | $76,955 |
Yukon | $102,017 |
Northwest Territories | $110,600 |
Nunavut | $110,600 |
Pension Adjustment Limits
Limit | Amount |
Defined Contribution RPP's Money Purchase Annual Contribution limit | $32,490 |
Defined Benefit (DB) limit | $3,610 |
RRSP annual contribution limit | $31,560 |
Year's Maximum Pensionable Earnings limit | $68,500 |
Year's Additional Maximum Pensionable Earnings limit | $73,200 |
DPSP annual contribution limit (1/2 of MP limit) | $16,245 |
TFSA limit | $7,000 |
Federal TD1
Your employee’s Federal TD1 values can be found on the Tax Factors tab of the Employee Profile.
Federal TD1 (form) | 2024 | 2023 |
Basic personal* | $15,705* | $15,000 |
Child amount | $2,616 | $2,499 |
Age amount | $8,790 | $8,396 |
Pension income amount | $2,000 | $2,000 |
Disability amount | $9,872 | $9,428 |
Spouse or common-law partner amount | $15,705 | $15,000 |
Amount for eligible dependent | $15,705 | $15,000 |
Caregiver amount or infirm amount for dependent 18+ | $8,375 | $7,999 |
*If the employee's taxable income from all sources for the year will be $173,205 or less. Employees with an income greater than $173,205 can complete TD1-WS Worksheet to calculate their partial claim.
Provincial Basic Personal Amounts
Your employee’s Provincial TD1 values can be found on the Tax Factors tab of the Employee Profile.
Province/Territory | 2024 | 2023 |
Alberta | $21,885 | $21,003 |
British Columbia | $12,580 | $11,981 |
Manitoba | $15,780 | $15,000 |
New Brunswick | $13,044 | $12,458 |
Newfoundland and Labrador | $10,818 | $10,382 |
Northwest Territories | $17,373 | $16,593 |
Nova Scotia | $11,481* | $11,481 |
Nunavut | $18,767 | $17,925 |
Ontario | $12,399 | $11,865 |
Prince Edward Island | $13,500 | $12,000 |
Québec | $18,056 | $17,183 |
Saskatchewan | $18,491 | $17,661 |
Yukon | $15,705** | $15,000 |
*If the employee's taxable income from all sources for the year will be $25,000 or less. Employees in Nova Scotia with an income greater than $75,000 can enter $8,481. Employees with income between $25,000 and $75,000 can complete a TD1NS-WS Worksheet to calculate their partial claim.
**If the employee's taxable income from all sources for the year will be $173,205 or less. Employees in Yukon with an income greater than $173,205 can complete TD1YT-WS Worksheet to calculate their partial claim.
Provincial Minimum Wages
You can review the minimum wage in Provincial Tax on the Avanti Desktop.
Jurisdiction | Rate | Effective Date |
Federal | $16.65 | April 1, 2023 |
$15.00 | June 26, 2019 | |
$16.75 | June 1, 2023 | |
$15.30 | October 1, 2023 | |
$14.75 | April 1, 2023 | |
$15.00 | October 1, 2023 | |
$16.05 | September 1, 2023 | |
$15.00 | October 1, 2023 | |
$16.00 | April 1, 2020 | |
$16.55 | October 1, 2023 | |
$15.00 | October 1, 2023 | |
$15.25 | May 1, 2023 | |
$14.00 | October 1, 2023 | |
$16.77 | April 1, 2023 |
2024 Taxable Income Thresholds and Tax Rates
The following thresholds are automatically applied when processing pays with a 2024 payment date.
Federal | Alberta | ||||
Over | But Not Over | Rate | Over | But Not Over | Rate |
0 | 55,867 | 15.0% | 0 | 148,269 | 10% |
55,867 | 111,733 | 20.5% | 148,269 | 177,922 | 12% |
111,733 | 173,205 | 26.0% | 177,922 | 237,230 | 13% |
173,205 | 246,752 | 29.0% | 237,230 | 355,845 | 14% |
246,752 | Over | 33.0% | 355,845 | Over | 15% |
Federal Indexing Factor for 2024 is 4.7% | Provincial Indexing factor for 2024 is 4.2% | ||||
British Columbia | Manitoba | ||||
Over | But Not Over | Rate | Over | But Not Over | Rate |
0 | 47,937 | 5.06% | 0 | 47,000 | 10.80% |
47,937 | 95,875 | 7.70% | 47,000 | 100,000 | 12.75% |
95,875 | 110,076 | 10.50% | 100,000 | Over | 17.40% |
110,076 | 133,664 | 12.29% | Provincial Indexing factor for 2024 is 5.2% | ||
133,664 | 181,232 | 14.70% | |||
181,232 | 252,752 | 16.80% | |||
252,752 | Over | 20.50% | |||
Provincial Indexing factor for 2024 is 5% | |||||
New Brunswick | Newfoundland and Labrador | ||||
Over | But Not Over | Rate | Over | But Not Over | Rate |
0 | 49,958 | 9.40% | 0 | 43,198 | 8.7% |
49,958 | 99,916 | 14.0% | 43,198 | 86,395 | 14.5% |
99,916 | 185,064 | 16.0% | 86,395 | 154,244 | 15.8% |
185,064 | Over | 19.5% | 154,244 | 215,943 | 17.8% |
Provincial Indexing factor for 2024 is 4.7% | 215,943 | 275,870 | 19.8% | ||
275,870 | 551,739 | 20.8% | |||
551,739 | 1,103,478 | 21.3% | |||
1,103,478 | Over | 21.8% | |||
Provincial Indexing factor for 2024 is 4.2% | |||||
Northwest Territories | Nova Scotia | ||||
Over | But Not Over | Rate | Over | But Not Over | Rate |
0 | 50,597 | 5.90% | 0 | 29,590 | 8.79% |
50,597 | 101,198 | 8.60% | 29,590 | 59,180 | 14.95% |
101,198 | 164,525 | 12.20% | 59,180 | 93,000 | 16.67% |
164,525 | Over | 14.05% | 93,000 | 150,000 | 17.50% |
Provincial Indexing factor for 2024 is 4.7% | 150,000 | Over | 21.00% | ||
No indexing | |||||
Nunavut | Ontario | ||||
Over | But Not Over | Rate | Over | But Not Over | Rate |
0 | 53,268 | 4.0% | 0 | 51,446 | 5.05% |
53,268 | 106,537 | 7.0% | 51,446 | 102,894 | 9.15% |
106,537 | 173,205 | 9.0% | 102,894 | 150,000 | 11.16% |
173,205 | Over | 11.5% | 150,000 | 220,000 | 12.16% |
Provincial Indexing factor for 2024 is 4.7% | 220,000 | Over | 13.16% | ||
Provincial Indexing factor for 2024 is 4.5% | |||||
Prince Edward Island | Quebec | ||||
Over | But Not Over | Rate | Over | But Not Over | Rate |
0 | 32,656 | 9.65% | 0 | 51,780 | 14.00% |
32,656 | 64,313 | 13.63% | 51,780 | 103,545 | 19.00% |
64,313 | 105,000 | 16.65% | 103,545 | 126,000 | 24.00% |
105,000 | 140,000 | 18.00% | 126,000 | Over | 25.75% |
140,000 | Over | 18.75% | |||
No Indexing | Provincial Indexing factor for 2024 is 5.08% | ||||
Saskatchewan | Yukon | ||||
Over | But Not Over | Rate | Over | But Not Over | Rate |
0 | 52,057 | 10.5% | 0 | 55,867 | 6.4% |
52,057 | 148,734 | 12.5% | 55,867 | 111,733 | 9.0% |
148,734 | Over | 14.5% | 111,733 | 173,205 | 10.9% |
Provincial Indexing factor for 2024 is 4.7% | 173,205 | 500,000 | 12.8% | ||
500,000 | Over | 15.0% | |||
Provincial Indexing factor for 2024 is 4.7% | |||||