Question: are payroll taxes changing in 2020?
Answer: Payroll deductions change EI premiums are decreasing from 1.62 to 1.58 per cent in 2020, while the maximum insurable earnings will increase to $54,200 from $53,100. ... For those earning that much or more, deductions could increase by about $5.73 per bi-weekly paycheque (less for lower-income earners).