2024 Payroll Legislations
EI & CPP Information

Annual Maximum Pensionable Earnings

$66,600.00

$68,500.00

Annual Basic Exemption

$3,500.00

$3,500.00

Annual Maximum Contributory Earnings

$63,100.00

$65,000.00

CPP Contribution Rate

5.95%

5.95%

QPP Contribution Rate

6.40%

6.40%

Annual maximum employee/employer contribution (CPP)

$3,754.45

$3,867.50

Annual maximum employee/employer contribution (QPP)

$4,038.40

$4,160.00

Annual maximum self-employed contribution (CPP)

$7,508.90

$7,735.00

Annual maximum self-employed contribution (QPP)

$8,076.80

$8,320.00

Annual Maximum Insurable Earnings

$61,500.00

$63,200.00

Employee Contribution Rate

1.63%

1.66%

Employer Contribution Rate

2.282%

2.324%

Annual Maximum Employee Contribution

$1,002.45

$1,049.12

Annual Maximum Employer Contribution

$1,403.43

$1,468.77

Annual Maximum Insurable Earnings

$61,500.00

$63,200.00

Employee Contribution Rate

1.27%

1.32%

Employer Contribution Rate

1.778%

1.848%

Annual Maximum Employee Contribution

$781.05

$834.24

Annual Maximum Employer Contribution

$1,093.47

$1,167.94

Annual Maximum Insurable Earnings - QPIP Earnings

$91,000.00

$94,000.00

Employee Contribution Rate

0.494%

0.494%

Employer Contribution Rate

0.692%

0.692%

Annual Maximum Employee Contribution

$449.54

$464.36

Annual Maximum Employer Contribution

$629.72

$650.48