Canada Pension Plan

2023 2022 2021
Maximum Annual Pensionable Earnings $66,600 $64,900 $61,600
Basic Exemption $3,500 $3,500 $3,500
Maximum Contributory Earnings $63,100 $61,400 $58,100
Rate: Employee 5.95% 5.70% 5.45%
Rate: Employer 5.95% 5.70% 5.45%
Maximum Annual Employee Contribution $3,754.45 $3,499.80 $3,166.45
Maximum Annual Self-Employed Contribution $7,508.90 $6,999.60 $6,332.90

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