2019 Canada Pension Plan (Cpp) Maximum Pensionable Earnings
Maximum Pensionable Earnings For 2019:
The Canada Revenue Agency announced the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2019. The rate will be increased from 4.95% to 5.10% for employee and employer, and from 9.9% to 10.2% for self-employed. Contributors who earn more than $57,400 in 2019 (2018: $55,900) are not required or permitted to make additional contributions to the CPP. The increased in rate will have a maximum impact (per person) of $155.10 for employee and employer, and a maximum impact of $310.20 for a self-employed individual. Below is the comparison:
| 2019 | 2018 | 2017 | 2016 | 2015 | |||
| Maximum Pensionable Earnings | $57,400 | $55,900 | $55,300 | $54,900 | $53,600 | ||
| Basic Exemption | $3,500 | $3,500 | $3,500 | $3,500 | $3,500 | ||
| Maximum employer contribution | 2,748.90 | $2,593.80 | $2,564.10 | $2,544.30 | $2,479.95 | ||
| Contribution rate | 5.10% | 4.95% | 4.95% | 4.95% | 4.95% | ||
| Maximum employee contribution | 2,748.90 | $2,593.80 | $2,564.10 | $2,544.30 | $2,479.95 | ||
| Contribution rate | 5.10% | 4.95% | 4.95% | 4.95% | 4.95% | ||
| Maximum self-employed contribution | $5,497.80 | $5,187.60 | $5,128.50 | $5,088.60 | $4,959.90 | ||
| Contribution rate | 10.20% | 9.90% | 9.90% | 9.90% | 9.9% | ||
(This posting is for personal educational purposes only. Please consult your tax advisor for your specific situation).
Associated Links:
2019 Employment Insurance Maximum Insurable Earnings