On January 1, 2025, contribution limits, contribution rates and benefit maximums changed for certain Canadian benefit programs. Following is a summary of the new figures for 2025:
Employment Insurance (Federal)
| Jan 1, 2024 | Jan 1, 2025 | |
|---|---|---|
| Maximum Annual Insurable Earnings | $63,200 | $65,700 |
| Premium Rate (Employee) | 1.66% | 1.64% |
| Premium Rate (Employer) | 2.324% | 2.296% |
| Maximum Annual Premium (Employee) | $1,049.12 | $1,077.48 |
| Maximum Annual Premium (Employer) | $1,468.77 | $1.508.47 |
| Maximum Weekly Benefit | $668 | $695 |
Employment Insurance (Quebec)
| Jan 1, 2024 | Jan 1, 2025 | |
|---|---|---|
| Maximum Annual Insurable Earnings | $63,200 | $65,700 |
| Premium Rate (Employee) | 1.32% | 1.31% |
| Premium Rate (Employer) | 1.848% | 1.834% |
| Maximum Annual Premium (Employee) | $834.24 | $860.67 |
| Maximum Annual Premium (Employer) | $1,167.94 | $1,204.94 |
| Maximum Weekly Benefit | $668 | $695 |
Quebec Parental Insurance Plan
| Jan 1, 2024 | Jan 1, 2025 | |
|---|---|---|
| Maximum Annual Insurable Earnings | $94,000 | $98,000 |
| Premium Rate (Employee) | 0.494% | $0.494% |
| Premium Rate (Employer) | 0.692% | 0.692% |
| Maximum Annual Premium (Employee) | $464.36 | $484.12 |
| Maximum Annual Premium (Employer) | $650.48 | $678.16 |
| Maximum Weekly Benefit | Depending on plan chosen and type of benefit $994.23 / $1,265.38 / $1,355.77 |
Depending on plan chosen and type of benefit $1,036.54 / $1,319.23 / $1,413.46 |
Canada Pension Plan
| Jan 1, 2024 | Jan 1, 2025 | |
|---|---|---|
| Maximum Annual Pensionable Earnings | $68,500 | $71,300 |
| Basic Exemption Amount | $3,500 | $3,500 |
| CPP Contribution Rate (Employee/Employer) | 5.95% | 5.95% |
| Maximum Annual CPP Contribution (Employee/ Employer) |
$3,867.50 | $4,034.10 |
| Additional Maximum Annual Pensionable Earnings | $73,200 | $81,200 |
| CPP2 Contribution Rate (Employee/Employer) | 4.00% | 4.00% |
| Maximum Annual CPP2 Contribution (Employee/ Employer) |
$188.00 | $369.00 |
| Maximum Monthly Retirement Pension (at age 65) | $1,364.60 | $1,433.00 |
| Maximum Monthly Post-Retirement Benefit (at age 65) | $44.46 | $49.39 |
| Maximum Monthly Disability Benefit | $1,606.78 | $1,673.24 |
| Maximum Monthly Survivor’s Pension (younger than 65) | $739.31 | $770.88 |
| Maximum Monthly Survivor’s Pension (65 and older) | $818.76 | $859.80 |
| Maximum Monthly Benefit for Children of Disabled Contributor |
$294.12 | $301.77 |
| Maximum Monthly Benefit for Children of Deceased Contributor |
$294.12 | $301.77 |
| Lump Sum Death Benefit | $2,500.00 | $2,500.00 |
| Maximum Monthly Combined Benefits: | ||
| Combined Survivor’s and Retirement Pension (at age 65) | $1,375.41 | $1,449.53 |
| Combined Survivor’s Pension and Disability Benefit | $1,613.54 | $1,683.57 |
Note: Beginning January 1, 2024, a second additional CPP contributions (CPP2) will be deducted on earnings above the annual maximum pensionable earnings. For 2025, the additional contribution required is 4% from the employer and the employee on the additional maximum annual pensionable earnings up to the CPP2 annual maximum.
Quebec Pension Plan
| Jan 1, 2024 | Jan 1, 2025 | |
|---|---|---|
| Maximum Annual Pensionable Earnings | $68,500 | $71,300 |
| Basic Exemption Amount | $3,500 | $3,500 |
| Contribution Rate (Employee/Employer) | 6.40% | 6.40% |
| Maximum QPP Annual Contribution (Employee/Employer) | $4,160.00 | $4,339.20 |
| Additional Maximum Annual Pensionable Earnings | $73,200 | $81.200 |
| QPP2 Contribution Rate (Employee/Employer) | 4.00% | 4.00% |
| Maximum QPP2 Annual Contribution (Employee/Employer) | $188.00 | $396.00 |
| Maximum Monthly Retirement Pension (at age 65) | $1,364.60 | $1,387.08 |
| Maximum Monthly Retirement Pension Supplement | $34.71 | $35.75 |
| Maximum Monthly Disability Benefit | $1,606.75 | $1,672.62 |
| Additional Maximum Monthly Disability Benefit for Retirement Pension Beneficiaries |
$583.29 | $598.46 |
| Maximum Monthly Survivor’s Pension: | ||
| Under age 45, not disabled, without dependent children | $668.91 | $689.43 |
| Under age 45, not disabled, with dependent children | $1,061.12 | $1,091.84 |
| Under age 45, disabled, with or without dependent children | $1,102.80 | $1,134.61 |
| Between ages 45 and 64 | $1,102.80 | $1,134.61 |
| Age 65 or over | $822.14 | $844.24 |
| Maximum Monthly Benefit for Children of Disabled Contributor | $93.39 | $95.82 |
| Maximum Monthly Benefit for Children of Deceased Contributor | $294.12 | $301.77 |
| Lump Sum Death Benefit | $2,500.00 | $2,500.00 |
Note: Beginning January 1, 2024, a second additional QPP contributions (QPP2) will be deducted on earnings above the annual maximum pensionable earnings. For 2025, the additional contribution required is 4% from the employer and the employee on the additional maximum annual pensionable earnings up to the QPP2 annual maximum.
Registered Pension & Savings Plans
| Jan 1, 2024 | Jan 1, 2025 | |
|---|---|---|
| Money Purchase – Maximum Annual Contribution Limit | $32,490 | $33,810 |
| Defined Benefit – Maximum Annual Pension Limit | $3,610.00 | $3,756.67 |
| Deferred Profit Sharing Plan – Maximum Annual Contribution Limit |
$16,245 | $16,905 |
| Registered Retirement Savings Plan – Maximum Annual Contribution Limit |
$31,560 | $32,490 |
| Tax-Free Savings Account – Maximum Annual Contribution Limit |
$7,000 | $7,000 |
Old Age Security
| Jan-Mar 2025 | |
|---|---|
| Maximum Monthly Pension (at age 65) | $727.67 |
| Maximum Monthly Guaranteed Income Supplement Benefits: | |
| Single, widowed or divorced pensioner | $1,086.88 |
| Spouse/common-law partner receives OAS pension | $654.23 |
| Spouse/common-law partner does not receive OAS pension | $1,086.88 |
| Spouse/common-law partner receives the Allowance | $654.23 |
| Maximum Monthly Allowance Benefits: | |
| Spouse/common-law partner receives GIS and OAS pension | $1,381.9 |
| Surviving spouse or common-law partner | $1,647.34 |