11. Canada Pension Plan (CPP)

Contribution Calculation

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Rate/Amount20182019
Contribution rate4.95 %5.10 %
Maximum annual allowable earnings$55,900.00$57,400.00
Annual exemption$3,500.00$3,500.00
Maximum annual pensionable earnings$52,400.00$53,900.00
Maximum annual contribution (employee and employer)$2,593.80$2,748.90

Basic Exemptions

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Frequency20182019
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