2025 Canada Pension Plan Maximum Pensionable Earnings
For 2025, the maximum pensionable earnings under the Canada Pension Plan (CPP), for employee and employer is 5.95% (2024: 5.95%) and 11.90% (2024: 11.90%) for self-employed for earnings up to $71,300 (2024: $68,500).
For the second additional Canada Pension Plan contribution (CPP2) that was introduced in 2024, the second earnings ceiling will be $81,200 (2024: $73,200). As a result, pensionable earnings between $71,300 and $81,200 are subject to CPP2.
Below is the comparison for the last 4 years:
|
2025 |
2024 |
2023 |
2022 |
|
|
Maximum Pensionable Earnings |
$71,300.00 |
$68,500.00 |
$66,600.00 |
$64,900.00 |
|
Basic Exemption |
3,500.00 |
3,500.00 |
3,500.00 |
3,500.00 |
|
EMPLOYER CONTRIBUTION |
||||
|
Maximum employer contribution |
$4,034.10 |
$3,867.50 |
$3,754.45 |
$3,499.80 |
|
Contribution rate |
5.95% |
5.95% |
5.95% |
5.70% |
|
EMPLOYEE CONTRIBUTION |
||||
|
Maximum employee contribution |
$4,034.10 |
$3,867.50 |
$3,754.45 |
$3,499.80 |
|
Contribution rate |
5.95% |
5.95% |
5.95% |
5.70% |
|
SELF-EMPLOYED CONTRIBUTION |
||||
|
Maximum self-employed contribution |
$8,068.20 |
$7,735.00 |
$7,508.90 |
$6,999.60 |
|
Contribution rate |
11.90% |
11.90% |
11.90% |
11.40% |
Second Additional CPP Contributions (if your earning is more than $71,300 in 2025)
|
2025 |
2024 |
|
|
Additional annual pensionable earnings (Maximum Ceiling) |
$81,200 |
$73,200 |
|
Contribution rate |
4% |
4% |
|
Additional employer contribution |
$396.00 |
$188.00 |
|
Additional employee contribution |
$396.00 |
$188.00 |
|
Additional self-employed contribution |
$792.00 |
$376.00 |
|
TOTAL CPP CONTRIBUTION |
||
|
Employer contribution |
$4,430.10 |
$4,055.55 |
|
Employee contribution |
$4,430.10 |
$4,055.55 |
|
Self-employed contribution |
$8,860.20 |
$8,111.00 |
(This posting is for personal educational purposes only. Please consult your tax advisor for your specific situation).