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QPP Contribution Limits Continue to Increase in 2020

QPP Contribution Limits Continue to Increase in 2020

Revenue Quebec recently published the QPP contribution limits for the upcoming year

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Revenue Quebec has published the Quebec Pension Plan (QPP) contribution limits for the upcoming year. Like the CPP, the maximum pensionable earnings under the QPP for 2020 will increase to $58,700 (from $57,400). The employee and employer contribution rates for 2020 will increase to 5.70% (up from 5.55%) and the self-employed contribution rate will increase to 11.4% (from 11.1%).

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Information is current to December 10, 2019. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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