2016 Canada Pension Plan (CPP) Maximum Pensionable Earnings
Maximum Pensionable Earnings for 2016:
On November 2, 2015, the Canada Revenue Agency announced the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2016. The rate remains unchanged at 4.95% for employee and employer, and 9.9% for self-employed. Contributors who earn more than $54,900 in 2016 are not required or permitted to make additional contributions to the CPP.
Below is the comparison:
| 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|
| Maximum Pensionable Earnings | $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 |
| EMPLOYER CONTRIBUTION | ||||||
| Maximum employer contribution | $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% |
| EMPLOYEE CONTRIBUTION | ||||||
| Maximum employee contribution | $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% |
| SELF-EMPLOYED CONTRIBUTION | ||||||
| Maximum self-employed contribution | $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% |
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