Corrected an issue where the CPP2/QPP2 is stopping short of 0.01 when the maximum wages are reached. This was caused by Rounding, and has been corrected. This way once employee reaches their maximum wages, the CPP2/QPP2 should show the correct amount of $188. GPTCI-53958 |
The following changes have been announced. GPTCI-41896 Canada Pension Plan (CPP) annual maximum pensionable earnings has increased to $71,300 in 2025 up from $68,500 in 2024. Canada Pension Plan (CPP) annual maximum contributory earnings has increased to $67,800 in 2025 from $65,000 in 2024. Canada Pension Plan (CPP) employee and employer yearly maximum employee contribution has increased to $4034.10 in 2025 from $3,867.50 in 2024. Canada Pension Plan (CPP) employee and employer contribution remains unchanged at 5.95% for 2025. |
The following Employment Insurance changes have been announced. GPTCI-41890 Outside Quebec Outside Quebec Employment Insurance (EI) employee annual maximum insurable earnings has increased to $65,700 in 2025 from $63,200 in 2024. Outside Quebec Employment Insurance (EI) employee premium rate has decreased to 1.64% in 2025 from 1.66% in 2024. Outside Quebec Employment Insurance (EI) employee yearly maximum premium has increased to $1,077.48 in 2025 from $1,049.12 in 2024. Outside Quebec Employment Insurance (EI) employer multiplier remains the same for 2025 at 1.40% which translates to an Employer rate of 2.296% for 2025 up from 2.324% in 2024. Outside Quebec Employment Insurance (EI) employer yearly maximum premium has increased to $1,508.47 in 2025 from $1,468.77 in 2024. Inside Quebec
Quebec Employment Insurance (EI) employee annual maximum insurable earnings has increased to $65,700 in 2025 from $63,200 in 2024. Quebec Employment Insurance (EI) employee yearly maximum premium has increased to $860.67 in 2025 from $834.24 in 2024. Quebec Employment Insurance (EI) employee premium rate has decreased to 1.31% in 2025 from 1.32% in 2024. Quebec Employment Insurance (EI) employer multiplier remains the same for 2025 at 1.40% which translates to an Employer rate of 1.834% for 2025 down from 1.848% in 2024. Quebec Employment Insurance (EI) employer yearly maximum premium has increased to $1204.94 in 2025 from $1,167.94 in 2024. |