Canada Pension Plan Premiums and Payment

Canada Pension Plan Premiums and Payment

2021 2020 2019 2018 2017
  • Maximum pensionable earnings
  • Basis exemption
  • Maximum contributory earnings
  • Employee and employer rate
  • Maximum contribution
  • Self-employed contributory rate
  • Maximum self-employed contribution
  • $61,600
  • 3,500
  • $58,100
  • 5.45%
  • $3,166.45
  • 10.90%
  • $6,332.90
  • $58,700
  • 3,500
  • $55,200
  • 5.25%
  • $2,898.00
  • 10.50%
  • $5,796.00
  • $57,400
  • 3,500
  • $53,900
  • 5.10%
  • $2,748.90
  • 10.20%
  • $5,497.80
  • $55,900
  • $3,500
  • $52,400
  • 4.95%
  • $2,593.80
  • 9.90%
  • $5,187.60
  • $55,300
  • $3,500
  • $51,800
  • 4.95%
  • $2,564.10
  • 9.90%
  • $5,128.20
CPP Payments - Max Monthly Rates 2021 2020 2019 2018 2017
  • Retirement Benefit (at 65)
  • Survivor's Benefit
  •  - under 65
  •  - at 65 and over
  • Combined survivor's & retirement benefit at 65
  • Disability benefit
  • Combined survivor's and retirement benefit
  • Children of disabled contributors
  • Children of deceased contributors
  • Death benefit lump-sum
  • $1,203.75

  • 650.72
  • 722.25
  • 1,203.75
  • 1,413.66
  • 1,413.66
  • 257.58
  • 257.58
  • 2,500.00
  • $1,175.83

  • 638.28
  • 705.50
  • 1,175.83
  • 1,387.66
  • 1,387.66
  • 255.03
  • 255.03
  • 2,500.00
  • $1,154.58

  • 626.63
  • 692.75
  • 1,154.58
  • 1,362.30
  • 1,362.30
  • 250.27
  • 250.27
  • 2,500.00
  • $1,065.00

  • 581.13
  • 639.00
  • 1,065.00
  • 1,264.59
  • 1,264.59
  • 234.87
  • 234.87
  • 2,500.00
  • $1,065.00

  • 581.13
  • 639.00
  • 1,065.00
  • 1,264.59
  • 1,264.59
  • 234.87
  • 234.87
  • 2,500.00
 

Calculation of CPP maximum monthly rates for new benefits
Retirement: 25% of 1/12 of the average year’s maximum pensionable earnings. (YMPE) for last five years
Survivor:
-under 65: (retirement x 0.375) + flat rate ($165.6)
-65 and older: retirement x 0.60
Disability: (retirement x 0.75) + flat rate ($424.43)