Second additional CPP contribution (CPP2) rates and maximums
Beginning January 1, 2024, you must deduct the second additional CPP contributions (CPP2) on earnings above the annual maximum pensionable earnings using the following rates and maximums.
Learn more: What is the CPP enhancement.
For each year on or after January 1, 2024, the CRA provides the:
- Additional maximum pensionable earnings
- Rate you use to calculate the amount of CPP2 contributions to deduct from your employees' remuneration
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CPP2 contribution rates and maximums
| Year | Additional maximum annual pensionable earnings definition: Additional Yearly Maximum Pensionable Earnings (AYMPE) |
Employee and employer contribution rate (%) definition: Employee and employer contribution rate |
Maximum annual employee and employer contribution definition: Maximum annual employee and employer contribution |
Maximum annual self-employed contribution definition: Maximum annual self-employed contribution |
|---|---|---|---|---|
| 2026 | $85,000 | 4% | $416 |
$832 |
| 2025 | $81,200 | 4% | $396 |
$792 |
| 2024 | $73,200 |
4% | $188 |
$376 |
Table legendCPP2 contribution rates and maximums
- Additional maximum annual pensionable earnings
- This is the additional maximum pensionable earnings on which the employer and employee are required to make CPP2 contributions in a year for their employment with that employer.
- Contribution rate
- This is the percentage of the employee's pensionable earnings that both the employer and employee make as CPP2 contributions. If the worker is self-employed, they need to pay both the employer and employee contribution up to the self-employed maximum as part of their personal income tax return.
- Maximum employer and employee contribution
- This amount is the maximum amount that the employee and employer must each pay in CPP2 contributions in a year for their employment with that employer.
- Maximum self-employed contribution
- This is the maximum amount a self-employed person needs to pay in CPP2 contributions each year.
References
Legislation
- CPP: 11.2
- First and second additional contribution rates
- CPP: 16
- Maximum contributory earnings
- CPP: 17.1
- Additional maximum pensionable earnings
- CPP: 18.1
- Year’s additional maximum pensionable earnings
- CPP: Schedule 2
- First and second additional contribution rates