Canada Pension Plan (CPP) contribution rates
| Year |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
| maximum pensionable earnings |
$50,100 |
$48,300 |
$47,200 |
$46,300 |
$44,900 |
$43,700 |
$42,100 |
$41,100 |
$40,500 |
| basic exemption |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
| rate |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
| employee/employer maximum |
$2,306.70 |
$2,217.60 |
$2,163.15 |
$2,118.60 |
$2,049.30 |
$1,989.90 |
$1,910.70 |
$1,861.20 |
$1,831.50 |
| self-employed maximum |
$4,613.40 |
$4,435.20 |
$4,326.30 |
$4,237.20 |
$4,098.60 |
$3,979.80 |
$3,821.40 |
$3,722.40 |
$3,663.00 |
Québec Pension Plan (QPP) contribution rates
The QPP factors are the same as the CPP factors up to and including 2011. However, Revenu Québec announced
changes
to the QPP contribution rate. The employee and employer rates will
each be increasing by 0.075% per year starting in 2012, until each of these
rates reaches 5.4% in 2017.
| Year |
2012 |
2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
| maximum pensionable earnings |
$50,100 |
$48,300 |
$47,200 |
$46,300 |
$44,900 |
$43,700 |
$42,100 |
$41,100 |
$40,500 |
| basic exemption |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
$3,500 |
| rate |
5.025% |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
4.95% |
| employee/employer maximum |
$2,341.65 |
$2,217.60 |
$2,163.15 |
$2,118.60 |
$2,049.30 |
$1,989.90 |
$1,910.70 |
$1,861.20 |
$1,831.50 |
| self-employed maximum |
$4,683.30 |
$4,435.20 |
$4,326.30 |
$4,237.20 |
$4,098.60 |
$3,979.80 |
$3,821.40 |
$3,722.40 |
$3,663.00 |
|