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 |
CPP contributions for 2021:
| Maximum pensionable earnings | $61,600.00 |
| Basic annual exemption | -3,500.00 |
| Maximum contributory earnings | $58,100.00 |
| Contribution rate | 5.45% |
| Maximum employee contribution ($58,100.00 x 5.45%) |
$ 3,166.45 |
| Maximum employer contribution ($58,100.00 x 5.45%) |
$ 3,166.45 |
EI premiums for 2021:
| Maximum annual insurable earnings | $56,300.00 |
| Premium rate | 1.58% |
| Maximum employee contribution | $ 889.54 |
| Maximum employer contribution ($56,300.00 x 2.212%) |
$ 1,245.36 |
E. & O.E.