Canada Pension Plan

2020 2019 2018
Maximum Annual Pensionable Earnings $58,700 $57,400 $55,900
Basic Exemption $3,500 $3,500 $3,500
Maximum Contributory Earnings $55,200 $53,900 $52,400
Rate: Employee 5.25% 5.10% 4.95%
Rate: Employer 5.25% 5.10% 4.95%
Maximum Annual Employee Contribution $2,898.00 $2,748.90 $2,593.80
Maximum Annual Self-Employed Contribution $5,796.00 $5,497.80 $5,187.60

(Note: All posted rates are subject to change by Canada Revenue Agency or other government departments that are responsible for them.)