Canada Pension Plan Contributions for 2021 (January 2021)

The Canada Pension Plan contribution rate for 2021 is set at 5.45% of pensionable earnings for the year.

Maximum pensionable earnings for the year will be $61,600, and the basic exemption is unchanged at $3,500.

The maximum employer and employee contributions to the plan for 2021 will be $3166.45 each, and the maximum self-employed contribution will be $6,332.90.