2025 Shareholder Remuneration & Deductions
Shareholder remuneration by year: 2024 · 2025 · 2026
Monthly Payroll Deductions And Remittances
For One Shareholder At Various Levels Of Pay for the Whole Year
$1,500 to $4,500 Monthly
| Gross Pay |
| CPP |
| Tax |
| Net Pay |
| Remittance |
| 1,500.00 |
2,000.00 |
2,500.00 |
3,000.00 |
3,500.00 |
4,000.00 |
4,500.00 |
| (71.90) |
(101.65) |
(131.40) |
(161.15) |
(190.90) |
(220.65) |
(250.40) |
| |
(68.56) |
(186.13) |
(303.69) |
(421.26) |
(538.81) |
(656.38) |
| 1,428.10 |
1,829.79 |
2,182.47 |
2,535.16 |
2,887.84 |
3,240.54 |
3,593.22 |
| 143.80 |
271.86 |
448.93 |
625.99 |
803.06 |
980.11 |
1,157.18 |
$5,000 to $10,000 Monthly
| Gross Pay |
| CPP |
| Tax |
| Net Pay |
| Remittance |
| 5,000.00 |
5,500.00 |
6,000.00 |
7,000.00 |
8,000.00 |
9,000.00 |
10,000.00 |
| (280.15) |
(309.90) |
(339.65) |
(399.15) |
(458.65) |
(518.15) |
(577.65) |
| (783.35) |
(928.14) |
(1,073.65) |
(1,375.60) |
(1,677.55) |
(1,979.50) |
(2,300.19) |
| 3,936.50 |
4,261.96 |
4,586.70 |
5,225.25 |
5,863.80 |
6,502.35 |
7,122.16 |
| 1,343.65 |
1,547.94 |
1,752.95 |
2,173.90 |
2,594.85 |
3,015.80 |
3,455.49 |
For other calculations, use the "CRA Payroll Calculator"
| Remittances |
| Remittance = 2 x CPP deduction + Federal and Provincial tax deductions |
| The monthly remittance must be received at CRA by the 15th of the month following the payment of the payroll |
| The cheque for the remittance should be payable to the "Receiver General" |
| New CPP Calculation |
| |
Rate |
From |
To |
Employee Max |
Self-Employed Max(2x) |
| CPP1 |
5.95% |
$3,500 |
$71,300 |
$4,034.10 |
$8,068.20 |
| CPP2 (new rate) |
4.00% |
$71,300 |
$81,200 |
$396.00 |
$792.00 |
| Max CPP |
$4,430.10 |
$8,860.20 |
| You should stop deducting CPP when the employee reaches the maximum contribution for the year. Then the monthly remittances will be reduced accordingly. |
