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Posted by Tax Consultants

Canada Pension Plan

Canada Pension Plan Contributions for 2011 (January 2011)

The Canada Pension Plan contribution rate for 2011 is unchanged at 4.95% of pensionable earnings for the year.

The maximum pensionable earnings for the year will be $ 48,300, and the basic exemption is unchanged at $3,500.

The maximum employer and employee contribution for 2011 will therefore be $2,217.60, and the maximum self-employed contribution will be $4,435.20.