Ontario Payroll Calculator 2020

Calculate Ontario payroll costs for 2020 including CPP, EI, federal and provincial taxes, and net pay. This calculator helps businesses understand their total payroll expenses.

How to Use This Calculator

Enter your employee's gross salary and select the appropriate pay frequency. The calculator will compute the total payroll costs including deductions and taxes.

This calculator uses 2020 Ontario payroll rates. For current year calculations, check the latest version of this calculator.

Formula Used

The total payroll cost is calculated by adding the gross salary to all deductions and taxes:

Total Payroll Cost = Gross Salary + CPP + EI + Federal Tax + Provincial Tax

The calculator uses the following tax rates for 2020:

CPP (Canada Pension Plan): 5.95% of gross salary
EI (Employment Insurance): 1.66% of gross salary
Federal Tax: Progressive tax brackets
Provincial Tax (Ontario): Progressive tax brackets

Worked Example

For an employee with a gross salary of $50,000 per year:

CPP: $5,950.00
EI: $830.00
Federal Tax: $12,000.00
Provincial Tax: $8,000.00
Total Payroll Cost: $83,780.00

Frequently Asked Questions

What taxes are included in the payroll calculation?

The calculator includes CPP, EI, federal income tax, and Ontario provincial income tax.

Is this calculator accurate for 2020?

Yes, this calculator uses 2020 tax rates and payroll regulations. For current year calculations, check the latest version.

Can I use this calculator for part-time employees?

Yes, enter the part-time employee's gross salary and the calculator will compute the appropriate payroll costs.