Blog: Canada and Quebec Pension Plans (CPP–QPP), Employment Insurance Contributions (EI), Québec Parental Insurance Plan (QPIP)

January 30th, 2017 weigh

 

 

 

 

 

 

The following are the maximum CPP–QPP, EI and QPIP employee contributions for 2017:

$
CPP  

Pensionable Earnings

 

55,300

 

Exemption

 

3,500

 

51,800

 

Rate

 

4.95%

 

Contribution

 

2,564.10

QPP  

Pensionable Earnings

 

55,300

 

Exemption

 

3,500

 

51,800

 

Rate

 

5.40%

 

Contribution

 

2,797.20

EI  

Insurable Earnings

 

51,300 (no maximum per pay per period)

 

Rate- Québec employee

 

1.27% (employer rate 1.778%)

 

Rate- Other employee

 

1.63% (employer rate 2.282%)

 

Max. employee’s premium – Québec

 

651.51

 

Max. employee’s premium – Other

 

836.19

QPIP  

Insurable Earnings

 

72,500 (no maximum per pay per period

 

Rate

 

0.548% (employer rate 0.767%)

 

Max. employee’s premium

 

397.30

 

Rate- Self-employed

 

0.973%


Note:
  EI and QPIP premiums apply to the first dollar of insurable earnings; there is no minimum threshold of hours and/or amounts.

 

About the Author:

Ofer Tamir, CPA, CA, is a Tax Manager at Crowe BGK.

Connect with him: o.tamir@crowebgk.com

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