10. Quebec Pension Plan (QPP)

Contribution Calculation

Rate/Amount 2022 2023
Contribution rate 6.15 % 6.40 %
Maximum annual allowable earnings $64,900.00 $66,600.00
Annual exemption $3,500.00 $3,500.00
Maximum annual pensionable earnings $61,400.00 $63,100.00
Maximum annual contribution (employee and employer) $3,776.10 $4,038.40

Basic Exemptions

Frequency 2022 2023
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