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.