2026 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) |
| |
(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 www.zenally.cpa.
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. |
