CPP contributions for 2025:
| Maximum pensionable earnings | $71,300.00 |
| Basic annual exemption | -3,500.00 |
| Maximum contributory earnings | $67,800.00 |
| Contribution rate | 5.95% |
| Maximum employee contribution ($67,800.00 x 5.95%) |
$ 4,034.10 |
| Maximum employer contribution ($67,800.00 x 5.95%) |
$ 4,034.10 |
| Self-employed maximum | $ 8,068.20 |
| A higher, second earnings ceiling of $81,200 will be implemented and used to determine second additional CPP contributions (CPP2). As a result, pensionable earnings between $71,300 and $81,200 are subject to CPP2 contributions. | |
| 2025 additional maximum pensionable earnings | $81,200.00 |
| Additional maximum employee contribution | 4.00% |
| Additional maximum employee contribution ($81,200.00 – $71,300.00) x 4.00% |
$ 396.00 |
| Additional maximum employer contribution ($81,200.00 – $71,300.00) x 4.00% |
$ 396.00 |
| Additional self-employed maximum | $ 792.00 |
EI premiums for 2025:
| Maximum annual insurable earnings | $65,700.00 |
| Premium rate | 1.64% |
| Maximum employee contribution | $ 1,077.48 |
| Maximum employer contribution ($65,700.00 x 2.296%) |
$ 1,508.47 |
CPP contributions for 2024:
| Maximum pensionable earnings | $68,500.00 |
| Basic annual exemption | -3,500.00 |
| Maximum contributory earnings | $65,000.00 |
| Contribution rate | 5.95% |
| Maximum employee contribution ($63,100.00 x 5.95%) |
$ 3,867.50 |
| Maximum employer contribution ($63,100.00 x 5.95%) |
$ 3,867.50 |
| Self-employed maximum | $ 7,735.00 |
| Starting in 2024, a higher, second earnings ceiling of $73,200 will be implemented and used to determine second additional CPP contributions (CPP2). As a result, pensionable earnings between $68,500 and $73,200 are subject to CPP2 contributions. | |
| 2024 additional maximum pensionable earnings | $73,200.00 |
| Additional maximum employee contribution | 4.00% |
| Additional maximum employee contribution ($73,200.00 – $68,500.00) x 4.00% |
$ 188.00 |
| Additional maximum employer contribution ($73,200.00 – $68,500.00) x 4.00% |
$ 188.00 |
| Additional self-employed maximum | $ 376.00 |
EI premiums for 2024:
| Maximum annual insurable earnings | $63,200.00 |
| Premium rate | 1.66% |
| Maximum employee contribution | $ 1,049.12 |
| Maximum employer contribution ($61,500.00 x 2.282%) |
$ 1,468.77 |
E. & O.E.