11. Canada Pension Plan (CPP)

Contribution Calculation

Copied!
Rate/Amount 2016 2017
Contribution rate 4.95 % 4.95 %
Maximum annual allowable earnings $54,900.00 $55,300.00
Annual exemption $3,500.00 $3,500.00
Maximum annual pensionable earnings $51,400.00 $51,800.00
Maximum annual contribution (employee and employer) $2,544.30 $2,564.10

Basic Exemptions

Copied!
Frequency 2016 2017
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