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 |
|
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
|
|
2024 CPP1
|
to $68,500
|
$3,500
|
$65,000
|
5.95%
|
$3,867.50
|
$7,735.00
|
|
2024 CPP2
|
$68,500 to $73,200
|
----
|
$4,700
|
4.00%
|
$188.00
|
$376.00
|
|
2025 CPP1
|
to $71,300
|
$3,500
|
$67,800
|
5.95%
|
$4,034.10
|
$8,068.20
|
|
2025 CPP2
|
$71,300 to $81,200
|
----
|
$9,900
|
4.00%
|
$396.00
|
$792.00
|
Employment Insurance Contributions
Year |
Maximum Yearly Insurable Earnings |
Employee's Premium Rate |
Maximum Yearly Employee Premium |
Maximum Yearly Employer Premium |
|
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
|
|
2024
|
$63,200
|
1.66%
|
$1,049.12
|
$1,468.77
|
|
2025
|
$65,700
|
1.64%
|
$1,077.48
|
$1,508.47
|
|
Other Tax Facts
Tax Rates:
RRSP Contribution Limits
CPP and EI Contributions
Automobile Deductions and Benefits
Average Foreign Exchange Rates:
|
