Canada Pension Plan Contributions

Year

Maximum Pensionable Earnings

Basic Exemption

Maximum Contributory Earnings

Employee/
Employer Rate

Maximum
Annual Contribution: Employee/Employer

Maximum Annual Contribution:
Self-Employed

2017
$55,300
$3,500
$51,800
4.95%
$2,564.10
$5,128.20
2018
$55,900
$3,500
$52,400
4.95%
$2,593.80
$5,187.60
2019
$57,400
$3,500
$53,900
5.10%
$2,748.90
$5,497.80
2020
$58,700
$3,500
$55,200
5.25%
$2,898.00
$5,796.00
2021
$61,600
$3,500
$58,100
5.45%
$3,166.45
$6,332.90
2022
$64,900
$3,500
$61,400
5.70%
$3,499.80
$6,999.60
2023
$66,600
$3,500
$63,100
5.95%
$3,754.45
$7,508.90


Employment Insurance Contributions

Year

Maximum Yearly Insurable Earnings

Employee's Premium Rate

Maximum Yearly Employee Premium

Maximum Yearly Employer Premium

2017
$51,300
1.63%
$836.19
$1,170.67
2018
$51,700
1.66%
$858.22
$1,201.51
2019
$53,100
1.62%
$860.22
$1,204.31
2020
$54,200
1.58%
$856.36
$1,198.90
2021
$56,300
1.58%
$889.54
$1,245.36
2022
$60,300
1.58%
$952.74
$1,333.84
2023
$61,500
1.63%
$1,002.45
$1,403.43

 

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