10. Quebec Pension Plan (QPP)

Contribution Calculation

Rate/Amount 2021 2022
Contribution rate 5.90 % 6.15 %
Maximum annual allowable earnings $61,600.00 $64,900.00
Annual exemption $3,500.00 $3,500.00
Maximum annual pensionable earnings $58,100.00 $61,400.00
Maximum annual contribution (employee and employer) $3,427.90 $3,776.10

Basic Exemptions

Frequency 2021 2022
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