2025 CPP EI RRSP

CPP

The maximum pensionable earnings under the CPP for 2025 will be $71,300, up from $68,500 in 2024,

computed according to Canada's average weekly wages and salaries. The associated rate will remain at

5.95%. This will result in a maximum employee and employer contribution of $4,034 and a maximum selfemployed

contribution of $8,068 for 2025.

The higher second earnings ceiling for 2025 will be $81,200, up from $73,200 (additional maximum

pensionable earnings), and will be used to determine the second additional CPP contributions (CPP2).

CPP2 contribution rates for 2025 will remain at 4.00%. Pensionable earnings between $71,300 and

$81,200 will be subject to the 4.00% CPP2 contributions, resulting in a maximum of $396 for employee

and employer contributions and a maximum of $792 for self-employed individuals.

Therefore, for earnings of $81,200 or more, the maximum employee and employer contributions will be

$4,430 and $8,860 for self-employed individuals in 2025.

EI

The 2025 EI premium rates will be 1.64% for employees and 2.30% for employers (1.4 x the employee

rate). The maximum insurable earnings for 2025 will increase to $65,700 from $63,200 in 2024, attracting

maximum premiums of $1,077 for employees and $1,508 for employers.

RRSP

The 2025 RRSP deduction limit (which equals the prior year's money purchase limit) is $32,490 (requiring

earned income in 2024 of at least $180,500). The 2026 limit will be $33,810 (requiring earned income in

2025 of at least $187,833).

The annual TFSA contribution room for 2025 will remain at $7,000.