Canada Pension Plan and Employment Insurance Schedule

2019 Canada Pension Plan Summary

Year's Maximum Pensionable Earnings         $57,400.00
Year's Basic Exemption (by pay period type)          
Annual         $3,500.00
Monthly (12)         $291.66
Bi-weekly (26)         $134.61
Weekly (52)         $67.30
Maximum Contributory Earnings         $53,900.00
Contribution Rate         5.10%
Maximum Contribution (Matched Employee/Employer)         $2,748.90


Under the new rules, all employees between the ages of 60 and 70 years who work must contribute to the CPP, even if in receipt of a CPP retirement pension, unless the employee is between 65 and 70 years of age and has filed an election to stop making CPP contributions by providing the employer a signed CPT30 form (available at Note:  Effective January 1, 2012, the Canada Revenue Agency ("CRA") made changes to the Canada Pension Plan ("CPP") which affected individuals between 60 and 70 years of age and actively working. Prior to January 1, 2012, an employee between 60 and 70 years of age has been allowed to stop making CPP contributions upon providing proof that he or she is receiving a CPP retirement pension.

If an employee is eligible and wishes to cease CPP contributions, the employee must sign and complete the CPT30 form and forward to the Human Resources Service Center (“HRSC”) at the Campus Services Building, room 202. Forms can also be sent directly to the applicable HR Advisor. Please note the election takes effect on the first of the month following receipt of the form by the HRSC.

Department Managers: This will have an impact on your budgets as there is an employee/employer contribution match as indicated above.


2019 Employment Insurance Schedule

Maximum Annual Insurable
Premium Rate
Annual Maximum Premium