Personal Tax -> Business -> Canada Pension Plan (CPP), Quebec Pension Plan (QPP) and Employment Insurance (EI) -> CPP/QPP Rates
Canada Pension Plan (CPP) Contribution Rates
Note: The basic annual exemption is $3,500. The self-employed rate is 2x the employee rate.
Contributors who make more than the YMPE are not required or permitted to make additional CPP contributions.
See Canada's Finance Ministers Agree to Strengthen Canada Pension Plan - June 20, 2016.
See Payroll Tax Calculators for different methods of checking payroll deductions, and an online payroll calculator which employers can use for calculating payroll deductions.
Self-employed and filing a tax return more than 4 years late? See our article on this.
Canada Revenue Agency (CRA) information:- T4032 Payroll Deduction Tables - for calculating payroll deductions
- CPP contribution rates, maximums and exemptions for rates from current and earlier years.
The QPP factors are the same as the CPP factors up to and including 2011. However, Revenue Quebec announced changes to the QPP contribution rate. The employee and employer rates each increased by 0.075% per year starting in 2012, until each of these rates reached 5.4% in 2017. The self-employed rate is 2x the employee rate.
Note: The basic annual exemption is $3,500.
Quebec Pension Plan information:- Source deductions and contributions - for calculating payroll deductions
- TP-1015.G-V - Guide for Employers: Source Deductions and Contributions
- Quebec Pension Plan - information about retirement pension, disability pension, and survivors' benefits
Revised: August 29, 2018
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