November 1, 2021 – CPP Maximum Pensionable Earnings for 2022 Announced

by | Nov 1, 2021 | Industry Updates

The Canada Revenue Agency (CRA) announced that the maximum pensionable earnings for CPP for 2022 will be $64,900, an increase from the 2021 amount of $61,600. Contributors will not be permitted to make additional contributions on income over $64,900.

2022 basic exemption rate: $3,500
2022 employee and employer contribution rate for CPP: 5.7%

Source CRA

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