Canada Pension and Employment Insurance Contribution Rates and Maximums for 2019

Canada has set the Canada Pension Plan (CPP) and Employment Insurance (EI) premium rates and maximums for 2019.

CPP contribution rates, maximums, and exemptions:

• The pensionable earnings maximum is increased to CAD 57,400, while the basic exemption amount remains CAD 3,500, resulting in maximum contributory earnings of CAD 53,900;
• The employee and employer contribution rates are increased from 4.95% to 5.1% (10.2% for self-employed); and
• The maximum annual employee and employer contribution…