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  • ProVerus Wordsmith

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.

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