CPP EI rates for 2019

Canada Revenue Agency has announced that employee and employer CPP contribution rates for 2019 will be 5.1 per cent, up from 4.95 per cent in 2018.  For self-employed individuals, this means a total of 10.2% for both employer and employee shares. Meanwhile, there is good news.   The EI contribution rate has decreased from 1.66% in 2018 to 1.62% in 2019.  For more information, click here. The maximum employer and employee contribution to the CPP for 2019 will be $2,748.90 each, and the maximum self-employed contribution will be $5,497.80. The maximums in 2018 were $2,593.80 and $5,187.60, respectively.  
Read More