The Canada Pension Plan is a mandatory contribution that funds your future retirement, disability, and survivor benefits.
You contribute 5.95% on earnings between the basic exemption ($3,500) and the Year's Maximum Pensionable Earnings (YMPE, $71,300 for 2025). Your employer matches this. Since 2024, a second tier — CPP2 — adds a further 4% on earnings between the YMPE and the Year's Additional Maximum Pensionable Earnings (YAMPE, $81,200 for 2025).
Quebec residents contribute to the Quebec Pension Plan (QPP) rather than CPP — a similar but separately administered program with comparable rates and benefits.
Calculate your exact CPP contributions.
Use the CPP Calculator →Contribution rates and thresholds are adjusted annually. Verify current figures with Service Canada or the CRA.