Payroll Estimate & Employer Costs for CG
May 5, 2025 - August 29, 2025
Pay Period End Date
(Pay Date) |
Period Start Date |
Work Days |
Gross Pay |
Employee Deductions |
Employer Contributions |
Employee Net Pay |
Total Remittance
(Empl'ee Deductions + Empl'er Contrib.) |
| CPP1 |
CPP2 |
Total CPP |
EI |
CPP (Total) |
EI |
Total |
Fed Tax |
ON Tax |
Total Tax |
| Pay Period |
Pay Date |
Work Days |
Gross Pay |
Empl'ee CPP1 |
Empl'ee CPP2 |
Empl'ee Total CPP |
Empl'ee EI |
Empl'ee Fed Tax |
Empl'ee ON Tax |
Empl'ee Total Tax |
Empl'er CPP (Total) |
Empl'er EI |
Total Empl'er Contrib. |
Net Pay |
Total Remittance |
Notes & Assumptions:
- Location: Ontario. Pay Frequency: Bi-Weekly (26 pay periods/year).
- **Pay Period Definition:** 10 work-day cycle (Mon-Fri x 2), period ending on Friday Payday.
- Hourly Rate: $25.00, Hours/Day: 8. Works Mon, Tue, Thu, Fri (No Wednesdays).
- Calculations use 2025 rates/maximums (CPP YMPE: $71,300, YAMPE: $81,200, EI MIE: $65,700, Empl'er EI Multiplier: 1.4).
- Income tax is an estimate withheld from the employee (using annualized method, Basic Personal Amounts, Canada Employment Amount - TD1 Code 1). Employers remit this tax but do not pay a separate employer income tax.
- CPP contribution tax treatment (Base Credit vs. Enhanced/CPP2 Deduction) is applied for employee tax calculation.
- Ontario Health Premium and Ontario Surtax are not included in the employee tax calculation.
- Ontario Employer Health Tax (EHT) is not included in Employer Costs (calculated separately based on total annual payroll).
- Does not account for Statutory Holiday pay rules. Adjust work days/gross pay manually for periods with Stat Holidays.
- All currency values rounded to 2 decimal places per calculation step where appropriate.
- **Total Remittance** = Employee Deductions (CPP, EI, Tax) + Employer Contributions (CPP, EI). This is the estimated amount the employer sends to the CRA.