10. Quebec Pension Plan (QPP)

Contribution Calculation

Rate/Amount20212022
Contribution rate5.90 %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

Frequency20212022
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