The Canada Pension Plan contribution rate for 2016 is unchanged at 4.95% of pensionable earnings for the year.
The maximum pensionable earnings for the year will be $54,900, and the basic exemption is unchanged at $3,500.
The maximum employer and employee contributions to the plan for 2016 will be $2,544.30 each, and the maximum self-employed contribution will be $5,088.60.
