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Government Benefits & Payroll Deductions

Earnings

Pensionable & Insurable Earnings

2019

Yearly Maximum Pensionable Earnings (YMPE) $57,400
Exemption amount for YMPE $3,500
Yearly Maximum Insurable Earnings $53,100



 

 

 

 

Payroll Deductions

Payroll Deduction Rates for 2019

Amount

Maximum

Canada Pension Plan (CPP) – employee 5.10% $2,748.90
Canada Pension Plan (CPP) – self-employed 10.20% $5,497.80
Quebec Pension Plan (QPP) - employee 5.55% $2991.45
Quebec Pension Plan - self-employed 11.10% $5982.90
Canada Employment Insurance (EI) – employee 1.62% $860.22
Canada Employment Insurance (EI) – self-employed (additional voluntary) 1.62% $860.22
Quebec Employment Insurance - employee 1.25% $663.75
Quebec Employment Insurance - self-employed (additional) 1.25% $663.75


 

 

 


 

 

 

 

 

*Quebec Employment Insurance information is available here.

 Government Benefits

Government Benefits 2019

Amount

Maximum monthly CPP at age 65 (excluding Quebec) $1154.58
Maximum CPP death benefit $2500.00
Maximum Monthly OAS at age 65 $601.45
EI Benefits Link

 

OAS Clawback

OAS Clawback 2019

Amount

OAS clawback begins at income level of $77,580
OAS payments eliminated at income level of $125,696