The Canada Pension Plan contribution rate for 2022 is set at 5.7% of pensionable earnings for the year.
Maximum pensionable earnings for the year will be $64,900, and the basic exemption is unchanged at $3,500.
The maximum employer and employee contributions to the plan for 2022 will be $3,499.80 each, and the maximum self-employed contribution will be $6,999.60.
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