The Canada Revenue Agency has announced the Canada Pension Plan (CPP) contribution rates and maximums for 2025, which are as follows:
- The pensionable earnings maximum is increased from CAD 68,500 for 2024 to CAD 71,300 for 2025, while the basic exemption amount remains CAD 3,500, resulting in maximum contributory earnings of CAD 67,800 for 2025;
- The employee and employer contribution rates are maintained at 5.95% for 2025 (11.90% for self-employed); and
- The maximum annual employee and emplo…