2021 2022

Employee's contribution Employer's contribution Employee's contribution Employer's contribution

Employee name Designation Base salary Base salary - 2021 Base salary - 2022 Deductions Fringe benefits Deductions Fringe benefits Total payroll cost Statutory benefits (CPP+EI) Employer's contribution Fringe benefit cost
Pension Insurance Pension Insurance Pension Insurance Pension Insurance
Rebecca Fernandez Director 172,000 86,000 86,000 2,257.5 679.4 2,257.5 951.2 2,343.5 679.4 2,343.5 951.2 178,503 12,463 6503 4,601
Sunil Joshi Analyst 80,000 - - 80,000 - - -
Jessica Cohen Analyst 83,000 - - 83,000 - - -
Takeshi Mirazawa Analyst 86,000 43,000 43,000 1,128.8 339.7 1,128.8 475.6 1,171.8 339.7 1,171.8 475.6 89,252 6,232 3,252 2,301
Claudia smith Administrative assistant 52,000 - - 52,000 - - -

Grand total 482,755 18,695 9,755 6,902

Canada Pension Plan (CPP) 2020 2021
Year's Maximum
$58,700 $61,600
Pensionable Earnings
Contribution Rate 5.25% 5.45%
 Employment Insurance (EI) 2020 2021
Maximum Annual Insurable
$54,200 $56,300
Earnings

Regular EI Rates 2020 2021

Premium Rate (Employee) 1.58% 1.58%

Premium Rate (Employer)

2.21% 2.21%
(1.4 x Employee)