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
|
|
Other Tax Facts
Tax Rates:
RRSP Contribution Limits
CPP and EI Contributions
Automobile Deductions and Benefits
Average Foreign Exchange Rates:
|
