CPP Maximum 2012 | CPP Rates for the Year 2012

The maximum CPP contribution to the plan for 2012 will be increased by $89.10 to $2,306.70, representing an increase of about 4% over the last year and the maximum self-employed CPP contribution for 2012 will be $4,613.40. The CPP maximums for the Year 2011 were $2,217.60 and $4,435.20.

The CPP Rates, effective January 1, 2012, forecast to remain unchanged at 4.95% of pensionable earnings. The basic exemption amount for 2012 expects to remain $3,500. Individuals who earn less than that amount do not need to contribute to the CPP.

EI Maximum 2012 | EI Rates for the Year 2012

Your rate of EI premiums (excluding employees working in the province of Quebec), for the 2012 taxation year forecasts to remain at 1.73% of insurable earnings. The annual maximum insurable earnings will be increasing from $44,200 to $45,900. The maximum EI contribution to the plan for 2012 will be $839.97. The EI maximum for the Year 2011 was 786.76. Once you reach the annual maximum premium deduction of your EI maximum in 2012, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay.

Maximum CPP Contribution | CPP Deduction 2012

At the beginning of the year 2012, the lowest rate of the two possible rates of contribution to the public service pension plan is used until the maximum level of contribution for that rate is reached. Then, the higher rate of contribution is used for the remainder of the year. Beginning with the new year, public service pension plan contributions recommence at the low rate, until such time as they reach the maximum level of the contributions for the low rate. Therefore, if you are a contributor under the public service pension plan and you compare your last pay in December to your first pay in January, you may see that you have paid a larger amount to the plan in December than in January.

CPP Maximum 2011 | 2011 CPP Rates

The CPP Rate, effective January 1, 2011, remain unchanged at 4.95% of pensionable earnings. The maximum CPP contribution is $2,217.60 for the 2011 taxation year.

The basic exemption amount for 2011 remains $3,500. Individuals who earn less than that amount do not need to contribute to the CPP.

The self-employed CPP contribution rate will remain unchanged at 9.9%. The maximum employer and employee CPP contribution to the plan for 2011 is $2,217.60, and the maximum self-employed contribution is around $4,435.20. The CPP maximums in 2010 were $2,163.15 and $4,326.30.

Maximum CPP Contribution | CPP Deduction 2011

At the beginning of the year 2011, the lowest rate of the two possible rates of contribution to the public service pension plan is used until the maximum level of contribution for that rate is reached. Then, the higher rate of contribution is used for the remainder of the year. Beginning with the new year, public service pension plan contributions recommence at the low rate, until such time as they reach the maximum level of the contributions for the low rate. Therefore, if you are a contributor under the public service pension plan and you compare your last pay in December to your first pay in January, you may see that you have paid a larger amount to the plan in December than in January.

Many employees reach their maximum level of Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) contributions sometime during the year. If you reach the maximum level of CPP/QPP, you will see an increase in the amount of your net pay as there will no longer be CPP/QPP deductions withheld. Beginning with the new year, you will recommence paying CPP/QPP contributions until such time as you reach the maximum CPP/QPP contribution level for 2011.

EI (Employment Insurance) Maximum for the Year 2011

Your rate of EI premiums (excluding employees working in the province of Quebec), for the 2011 taxation year remains at 1.73% of insurable earnings. The annual maximum insurable earnings will be approximately increasing from $43,200 to $44,200. If you reached the maximum EI premiums during the previous year, you will recommence paying EI premiums in the new year until the maximum premium level is reached. Once you reach the annual maximum premium deduction of $786.76 in 2011, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay.

CPP Maximum 2010 | CPP Rates

The CPP Rate, effective January 1, 2010, remain unchanged at 4.95% of pensionable earnings. The maximum CPP contribution is $2,163.15 for the 2010 taxation year.

The basic exemption amount for 2010 remains $3,500. Individuals who earn less than that amount do not need to contribute to the CPP.

The self-employed CPP contribution rate will remain unchanged at 9.9%. The maximum employer and employee CPP contribution to the plan for 2010 will be $2,163.15, and the maximum self-employed contribution will be $4,326.30. The CPP maximums in 2009 were $2,118.60 and $4,237.20.

Here you can find EI Maximum 2010

Maximum CPP Contribution | CPP Deduction 2010

At the beginning of the year 2010, the lowest rate of the two possible rates of contribution to the public service pension plan is used until the maximum level of contribution for that rate is reached. Then, the higher rate of contribution is used for the remainder of the year. Beginning with the new year, public service pension plan contributions recommence at the low rate, until such time as they reach the maximum level of the contributions for the low rate. Therefore, if you are a contributor under the public service pension plan and you compare your last pay in December to your first pay in January, you may see that you have paid a larger amount to the plan in December than in January.

Many employees reach their maximum level of Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) contributions sometime during the year. If you reach the maximum level of CPP/QPP, you will see an increase in the amount of your net pay as there will no longer be CPP/QPP deductions withheld. Beginning with the new year, you will recommence paying CPP/QPP contributions until such time as you reach the maximum CPP/QPP contribution level for 2010.

CPP Maximum 2009 | 2009 CPP Rates

The CPP Rate, effective January 1, 2009, remain unchanged at 4.95% of pensionable earnings. The maximum CPP/QPP contribution is $2,118.60 for the 2009 taxation year.
The basic exemption amount for 2009 remains $3,500. Individuals who earn less than that amount do not need to contribute to the CPP.

For the calendar year 2009, the contribution rate will increase by 0.3%. Effective January 1, 2009, public service pension plan contributions will be 5.2% (to a maximum of $2,407.60 for the 2009 taxation year) on all pensionable earnings below and equal to the yearly maximum pensionable earnings (YMPE) ($46,300 for the 2009 taxation year) and 8.4% on all pensionable earnings over the YMPE.

Contributions to the public service pension plan have a direct bearing on the income tax deducted at source since these contributions are deducted from the gross pay before determining the tax rate. Once the contributions reach the maximum public service pension plan low level, the contributions will increase from 5.2% to 8.4%. The larger the public service pension plan contribution, the less income tax will be withheld from your pay.

The CPP contributions provide a federal tax credit of 15%. This tax credit is applied directly to the income tax that is owing and is not dependent on your income tax bracket. Please note that the Quebec Tax Reform eliminated the Quebec provincial tax credit for QPP effective January 1, 1998. The tax credit for QPP is now included in the basic credit amount of $10,455 for the 2009 taxation year.

Maximum CPP Contribution | CPP Deduction 2009

At the beginning of the year 2009, the lowest rate of the two possible rates of contribution to the public service pension plan is used until the maximum level of contribution for that rate is reached. Then, the higher rate of contribution is used for the remainder of the year. Beginning with the new year, public service pension plan contributions recommence at the low rate, until such time as they reach the maximum level of the contributions for the low rate. Therefore, if you are a contributor under the public service pension plan and you compare your last pay in December to your first pay in January, you may see that you have paid a larger amount to the plan in December than in January.

Many employees reach their maximum level of Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) contributions sometime during the year. If you reach the maximum level of CPP/QPP, you will see an increase in the amount of your net pay as there will no longer be CPP/QPP deductions withheld. Beginning with the new year, you will recommence paying CPP/QPP contributions until such time as you reach the maximum CPP/QPP contribution level for 2008.

EI (Employment Insurance) Maximum for the Year 2009

Your rate of EI premiums (excluding employees working in the province of Quebec), for the 2009 taxation year remains at 1.73% of insurable earnings. The annual maximum insurable earnings have increased from $41,100 to $42,300. If you reached the maximum EI premiums during the previous year, you will recommence paying EI premiums in the new year until the maximum premium level is reached. Once you reach the annual maximum premium deduction of $731.79 in 2009, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay.

Here you can find CPP Maximum 2009

If you work in the province of Quebec, your rate of EI premiums for the 2009 taxation year has decreased from 1.39% to 1.38% of insurable earnings. The annual maximum insurable earnings have increased from $41,100 to $42,300. If you reached the maximum EI premiums during the previous year, you will recommence paying EI premiums in the new year until the maximum premium level is reached. Once you reach the annual maximum premium deduction of $583.74 in 2009, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay.

• CPP Maximum 2008 | CPP/QPP Rates and Deductions
• EI (Employment Insurance) Maximum 2008

2008 CPP/QPP Rates, Contributions and Deductions

For the calendar year 2008, the contribution rate will increase by 0.3%. Effective January 1, 2008, public service pension plan contributions will be 4.9% (to a maximum of $2,200.10 for the 2008 taxation year) on all pensionable earnings below and equal to the yearly maximum pensionable earnings (YMPE) ($44,900 for the 2008 taxation year) and 8.4% on all pensionable earnings over the YMPE.

Contributions to the public service pension plan have a direct bearing on the income tax deducted at source since these contributions are deducted from the gross pay before determining the tax rate. Once the contributions reach the maximum public service pension plan low level, the contributions will increase from 4.9% to 8.4%. The larger the public service pension plan contribution, the less income tax will be withheld from your pay.

Many employees reach their maximum level of Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) contributions sometime during the year. If you reach the maximum level of CPP/QPP, you will see an increase in the amount of your net pay as there will no longer be CPP/QPP deductions withheld. Beginning with the new year, you will recommence paying CPP/QPP contributions until such time as you reach the maximum CPP/QPP contribution level for 2008.

The CPP and QPP rate, effective January 1, 2008, remains at 4.95% of pensionable earnings. The maximum CPP/QPP contribution is $2,049.30 for the 2008 taxation year.

The CPP contributions provide a federal tax credit of 15%. This tax credit is applied directly to the income tax that is owing and is not dependent on your income tax bracket. Please note that the Quebec Tax Reform eliminated the Quebec provincial tax credit for QPP effective January 1, 1998. The tax credit for QPP is now included in the basic credit amount of $10,215 for the 2008 taxation year.

CPP Maximum 2008

2008 EI (Employment Insurance) Premiums

Your rate of EI premiums (excluding employees working in the province of Quebec), for the 2008 taxation year has decreased from 1.80% to 1.73%. The annual maximum insurable earnings have increased from $40,000 to $41,100. If you reached the maximum EI premiums during the previous year, you will recommence paying EI premiums in the new year until the maximum premium level is reached. Once you reach the annual maximum premium deduction of $711.03 in 2008, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay.

If you work in the province of Quebec, your rate of EI premiums for the 2008 taxation year has decreased from 1.46% to 1.39%. The annual maximum insurable earnings have increased from $40,000 to $41,100. If you reached the maximum EI premiums during the previous year, you will recommence paying EI premiums in the new year until the maximum premium level is reached. Once you reach the annual maximum premium deduction of $571.29 in 2008, you will see an increase in the amount of your net pay as there will no longer be EI deductions withheld from your pay.

EI Maximum Deduction2008