Canada Pension Plan (CPP) and Employment Insurance (EI) Rates

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

CPP contributions for 2020:

Maximum pensionable earnings $58,700.00
Basic annual exemption -3,500.00
Maximum contributory earnings $55,200.00
Contribution rate 5.25%
Maximum employee contribution
($55,200.00 x 5.25%)
$ 2,898.00
Maximum employer contribution
($55,200.00 x 5.25%)
$ 2,898.00

EI premiums for 2020:

Maximum annual insurable earnings $54,200.00
Premium rate 1.58%
Maximum employee contribution $  856.36
Maximum employer contribution
($54,200.00 x 2.212%)
$ 1,198.90

E. & O.E.