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

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

CPP contributions for 2019:

Maximum pensionable earnings $57,400.00
Basic annual exemption -3,500.00
Maximum contributory earnings $53,900.00
Contribution rate 5.10%
Maximum employee contribution
($53,900.00 x 5.10%)
$ 2,748.90
Maximum employer contribution
($53,900.00 x 5.10%)
$ 2,748.90

EI premiums for 2019:

Maximum annual insurable earnings $53,100.00
Premium rate 1.62%
Maximum employee contribution $  860.22
Maximum employer contribution
($53,100.00 x 2.268%)
$ 1,204.31

E. & O.E.