YOUR BUSINESS ALLY
2026 Shareholder Remuneration & Deductions
Effective: January 1, 2026Print Version (PDF)
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) |
| (56.40) | (159.85) | (263.31) | (366.76) | (470.22) | (573.67) | |
| 1,428.10 | 1,841.95 | 2,208.75 | 2,575.54 | 2,942.34 | 3,309.13 | 3,675.93 |
| 143.80 | 259.70 | 422.65 | 585.61 | 748.56 | 911.52 | 1,074.47 |
$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) | *(387.20) | *(387.20) | *(387.20) | *(387.20) |
| (682.07) | (824.65) | (970.18) | (1,269.78) | (1,571.73) | (1,873.68) | (2,183.87) |
| 4,037.78 | 4,365.45 | 4,690.17 | 5,343.02 | 6,041.07 | 6,739.12 | 7,428.93 |
| 1,242.37 | 1,444.45 | 1,649.48 | 2,044.18 | 2,346.13 | 2,648.08 | 2,958.27 |
See our website for next year rates in January of each year at
For other staff - "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 | $74,600 | $4,230.45 | $8,460.90 |
| CPP2 (new rate) | 4.00% | $74,600 | $85,000 | $416.00 | $832.00 |
| Max CPP | $4,646.45 | $9,292.90 | |||
| * Monthly maximum if paying 12 months of payroll ($4,646.45/12 = $387.20) | |||||
| You should stop deducting CPP when the employee reaches the maximum contribution for the year. Then the monthly remittances will be reduced accordingly. | |||||
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Chartered Professional Accountants LLP
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