Canada Pension Plan

2021 2020 2019
Maximum Annual Pensionable Earnings $61,600 $58,700 $57,400
Basic Exemption $3,500 $3,500 $3,500
Maximum Contributory Earnings $58,100 $55,200 $53,900
Rate: Employee 5.45% 5.25% 5.10%
Rate: Employer 5.45% 5.25% 5.10%
Maximum Annual Employee Contribution $3,166.45 $2,898.00 $2,748.90
Maximum Annual Self-Employed Contribution $6,332.90 $5,796.00 $5,497.80

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