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Payroll changes for 2023

December 21, 2022 — 

Several payroll items will take place in the year 2023 and this email will provide a brief overview. Please visit the Payroll site on UM Intranet for more details. Note that you must be logged in with your @umanitoba.ca email address to access employee content on UM Intranet.

CPP/EI Rate change

Canada Pension Plan (CPP) contribution rates will increase to 5.95% in 2023 from 5.70% in 2022.

The maximum CPP deduction in 2023 is $3,754.45 (from 2022 $3,499.80).

Employee Employment Insurance (EI) contribution rates will increase to 1.63% in 2023 from 1.58% in 2022. 

The maximum EI deduction is in 2023 is $1,002.45 (from 2022 $952.74).

These changes will affect your net pay. Please note CPP/EI deductions stop whenever an individual reaches the maximum contribution for a given year. 

For anyone who reached the maximum contribution to their CPP/EI during tax year 2022, you will notice CPP/EI deductions restarting in Jan 2023, hence your net pay will be lower compared to your December deposit.

 

New TD1/TD1MB/TD1NU Forms

The Government of Canada and Province of Manitoba review TD1 amounts annually and the newest version of the forms will be on our Intranet page when available. Note that you must be logged in with your @umanitoba.ca email address to access employee content on UM Intranet.

Anyone who has previously claimed an amount other than the basic personal amount or has annual net income over $165,430, is recommended to review and complete a new form for 2023. Completed forms can be sent to our department inbox payroll [at] umanitoba [dot] ca

 

If you have any questions, please contact:

Helen Wong, CPM, MBA

Assistant Manager, Payroll Services

Financial Services

414 Administration Building
Winnipeg, Manitoba ∙ R3T 2N2 ∙ Canada
Phone: 204∙474∙7828 ∙ Fax: 204∙474∙7507

Helen [dot] Wong [at] umanitoba [dot] ca

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© University of Manitoba • Winnipeg, Manitoba • Canada • R3T 2N2

Emergency: 204-474-9341

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