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.