11. Canada Pension Plan (CPP)

Contribution Calculation

Copied!
Rate/Amount20172018
Contribution rate4.95 %4.95 %
Maximum annual allowable earnings$55,300.00$55,900.00
Annual exemption$3,500.00$3,500.00
Maximum annual pensionable earnings$51,800.00$52,400.00
Maximum annual contribution (employee and employer)$2,564.10$2,593.80

Basic Exemptions

Copied!
Frequency20172018
Weekly (52 pay periods)$67.30$67.30
Bi-weekly (26 pay periods)$134.61$134.61
Semi-monthly (24 pay periods)$145.83$145.83
Monthly (12 pay periods)$291.66$291.66
Annually$3,500.00$3,500.00