New CPP 2018 and EI 2018 Rates

CPP on maple leaf

The new CPP and EI rates have been released for 2018

 

The employee and employer contribution rates for 2018 will remain unchanged at 4.95%, and the self-employed contribution rate will remain unchanged at 9.9%.

The maximum employer and employee contributions to the plan for 2018 will be $2,593.80 each, and the maximum self-employed contribution will be $5187.60. The maximums in 2017 were $2564.10 and $5128.20.

 

The EI rates for 2018 are 1.66% up to the maximum annual insurable earnings of $51,700 with an max annual employee premium of $858.22 and employer max of $1,201.51.

The EI rates for 2017 were 1.63% up to the maximum annual insurable earnings of $51,300 with an max annual employee premium of $836.19 and employer max of $1,170.67.