2023 Canadian Federal Budget
Summary of changes impacting tax measures: The 2023 Canadian Federal Budget was presented March 28, 2023. A number of changes were proposed, below is a quick summary […]
Employment Insurance Premiums for 2020
January 14, 2020Canada Pension Plan Contributions for 2020
January 14, 2020
The Quebec Pension Plan contribution rate for employees and employers for 2020 is 5.7%, and maximum pensionable earnings are $58,700. The basic exemption is $3,500.
The maximum employee premium for the year is $3,146.40, and the maximum employer contribution is the same.
The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.
