As of 2024, there are two contribution levels for the Canada Pension Plan. Income amounts and employee contribution percentages for 2026 for each contribution level are as follows.
- First-tier contributions for 2026 are set at 5.95% of pensionable earnings between $3,500 and $74,600.
- Second-tier contributions for 2026 are set at 4.0% of pensionable earnings between $74,600 and $85,000.
The maximum employee CPP contribution in 2026 for employees making only first-tier contributions (those with pensionable earnings of $74,600 or less) will be $4,230.45. Employees making second-tier contributions will be required to contribute up to an additional $416.00 in contributions for the year.
The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.