10. Quebec Pension Plan (QPP)

Contribution Calculation

Rate/Amount20202021
Contribution rate5.70 %5.90 %
Maximum annual allowable earnings$58,700.00$61,600.00
Annual exemption$3,500.00$3,500.00
Maximum annual pensionable earnings$55,200.00$58,100.00
Maximum annual contribution (employee and employer)$3,146.40$3,427.90

Basic Exemptions

Frequency20202021
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