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CPP Contribution Limits Increase Again in 2019

CPP Contribution Limits Increase Again in 2019

Maximum pensionable earnings are increasing in 2019

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The CRA has announced the CPP contribution limits for the upcoming new year. The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2019 will increase to $57,400 (from $55,900). The employee and employer contribution rates for 2019 will increase to 5.1% (up from 4.95%), and the self-employed contribution rate will increase to 10.2% (from 9.9%).

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Information is current to November 6, 2018. 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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KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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