(647) 692-7225 Toll free: 1.888.926.7249 mail@amsai.ca

2017 Canada Pension Plan (CPP) Maximum Pensionable Earnings

| January 16, 2017

Maximum Pensionable Earnings for 2017:

On November 2, 2016, the Canada Revenue Agency announced the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2017. The rate remains unchanged at 4.95% for employee and employer, and 9.9% for self-employed. Contributors who earn more than $55,300 in 2017 are not required or permitted to make additional contributions to the CPP.

Below is the comparison:

2017 2016 2015 2014 2013 2012 2011
Maximum Pensionable Earnings $55,300 $54,900 $53,600 $52,500 $51,100 $50,100 $48,300
Basic Exemption $3,500 $3,500 $3,500 $3,500 $3,500 $3,500 $3,500
EMPLOYER CONTRIBUTION
Maximum employer contribution $2,564.10 $2,544.30 $2,479.95 $2,425.50 $2,356.20 $2,306.70 $2,217.60
Contribution rate 4.95% 4.95% 4.95% 4.95% 4.95% 4.95% 4.95%
EMPLOYEE CONTRIBUTION
Maximum employee contribution $2,564.10 $2,544.30 $2,479.95 $2,425.50 $2,356.20 $2,306.70 $2,217.60
Contribution rate 4.95% 4.95% 4.95% 4.95% 4.95% 4.95% 4.95%
SELF-EMPLOYED CONTRIBUTION
Maximum self-employed contribution $5,128.20 $5,088.60 $4,959.90 $4,851.00 $4,712.40 $4,613.40 $4,435.20
Contribution rate 9.9% 9.9% 9.9% 9.9% 9.9% 9.9% 9.9%

Associated Links: