CPP contributions for 2023:
Maximum pensionable earnings | $66,600.00 |
Basic annual exemption | -3,500.00 |
Maximum contributory earnings | $63,100.00 |
Contribution rate | 5.95% |
Maximum employee contribution ($63,100.00 x 5.95%) |
$ 3,754.45 |
Maximum employer contribution ($63,100.00 x 5.95%) |
$ 3,754.45 |
EI premiums for 2023:
Maximum annual insurable earnings | $61,500.00 |
Premium rate | 1.63% |
Maximum employee contribution | $ 1,002.45 |
Maximum employer contribution ($61,500.00 x 2.282%) |
$ 1,403.43 |
CPP contributions for 2022:
Maximum pensionable earnings | $64,900.00 |
Basic annual exemption | -3,500.00 |
Maximum contributory earnings | $61,400.00 |
Contribution rate | 5.70% |
Maximum employee contribution ($61,400.00 x 5.70%) |
$ 3,499.80 |
Maximum employer contribution ($61,400.00 x 5.70%) |
$ 3,499.80 |
EI premiums for 2022:
Maximum annual insurable earnings | $60,300.00 |
Premium rate | 1.58% |
Maximum employee contribution | $ 952.74 |
Maximum employer contribution ($60,300.00 x 2.212%) |
$ 1,333.84 |
E. & O.E.