Changes to CPP rates and maximum in 2015

The maximum pensionable earnings under the Canada Pension Plan (CPP) will increase $1,100 to $53,600 in 2015 from $52,500 in 2014.

The Canada Pension Plan (CPP) rate (4.95%) and exemption ($3,500) remains the same in 2015.

The maximum employee and employer contribution to the pan for 2015 will be $2,479.95 - up from $2,425.50 in 2014. As a result, the employees who earn $53,600 or more will have to make $54.45 more in CPP contribution compared to 2014. Employers will also see their CPP expenses to increase $54.45 for each employee whose salary is $53,600 or higher.

The maximum self-employed contribution for 2015 will be $4,959.90 - up from $4,851.00 in 2014.

Changes to EI rates and maximums

CPP Rates and maximums

Basic payroll information for employers

Canada Pension Plan (CPP) for the self-employed

Who has to pay CPP contributions

How to stop paying CPP

Payroll remittance due date and payday

The Payroll steps – an employer’s responsibilities with the CRA

Additional information