10. Quebec Pension Plan (QPP)

Contribution Calculation

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Rate/Amount 2016 2017
Contribution rate 5.325 % 5.40 %
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) $2,737.05 $2,797.20

Basic Exemptions

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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