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How much do I pay into CPP?

Contributions to CPP are compulsory for all working Canadians aged 18-70. Employees and employers contribute equally on earnings that are between the Basic Exemption amount and the Year's Maximum Pensionable Earnings (YMPE). In 2022, contributions on those earnings are 5.7% by employees and 5.7% by employers.

What is the max CPP and EI deductions for 2022?

Since 2019 the CPP rate has been gradually increasing, with the plan of having a rate of 5.95% in 2023. In 2022 rates have increased from 5.45% to 5.7% for both the employee and employer. The 2022 maximum pensionable earnings are $64,900, with a basic exemption of $3,500.

How is your CPP amount calculated?

You can get an estimate of your monthly CPP retirement pension payments by logging into your My Service Canada Account. If you don't have an account, you can register for one. You'll receive a personal access code to complete your registration.

How do I check my CPP benefits online?

My Service Canada Account ( MSCA ) is a secure online portal. It allows you to apply, view and update your information for Employment Insurance ( EI ), Canada Pension Plan ( CPP ), Canada Pension Plan disability and Old Age Security ( OAS )....Sign in Sign in with GCKey. Sign in with your bank. Sign in with your province.

Where can I find my CPP contributions?

You can visit My Service Canada Account to view or print a copy of your Canada Pension Plan ( CPP ) Statement of Contributions, at your convenience.

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