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Canada pension plan for 2019

Calculate the CPP contribution for Canada 2019

This calculator will help you calculate the contribution you need to make to the Canadian pension plan for 2019 earnings

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x % =

The CPP

The Canadian Pension Plan has been introduced in 1965 by Prime Minister Lester Bowles Pearson. This plan gives contributors regular pension payments. Every Canadian citizen who reaches a minimum of 3500$ in annual salary and are between 18 and 65 years old have to contribute.

Pension benefits can begin as early as age 60, but are paid 100% from 65 years old.

Rates and maximum for CPP in 2019

To determine the amount of CPP contribution, you must take into account these variables on the 2019 gross income:

  • Annual maximum allowable gross income to contribute (year's maximum pensionable earnings, YMPE): 57 400$
  • Basic exemption amount (unchanged since at least 1997): 3 500$
  • General contribution rate (employee and employer): 5.10%
  • Self-employed contribution rate: 10.10%

The general contribution rate as changed in 2019 (raise of 0.15% for both employee and employer).

The CPP should be calculated on gross income, not the after-tax income.

CPP calculation

For and employee or employer

CPP contribution = (The smallest number between: Gross revenue and: Year's maximum pensionable earnings YMPE in 2019 - Basic exemption) x (Employee or Employer rate / 100)

Exemple:

Gross earnings in 2019 = 45 000$

( 45 000$ - 3 500$ ) x ( 5.10 / 100) = Contribution
41 500$ x 0.051 = 2 116.50$

For a self-employed

Canada pension plan contribution = Exactly the same calculation formula as mentioned previously except for the Self-employed rate.

CPP table of rates

Here are the different contribution tables to the CPP for the last two years

2019 contribution

Maximum annual earnings for CPP57 400$
CPP contribution rate of employee, employer5.10%
CPP contribution rate for self-employed10.20%
Basic exemption amount3 500$
Maximum contribution amount for employee, employer2 748.90$
Maximum contribution amount for self-employed5 497.80$

2018 contribution

Maximum annual earnings for CPP55 900$
CPP contribution rate of employee, employer4.95%
CPP contribution rate for self-employed9.9%
Basic exemption amount3 500$
Maximum contribution amount for employee, employer2 593.10$
Maximum contribution amount for self-employed5 187.60$

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