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 |