Published
QPP Maximums, Exemption and Contribution Rates for 2020
The table below shows the QPP maximums, exemption and contribution rates for 2019 and 2020.
| 2019 | 2020 | |
|---|---|---|
| Maximum pensionable earnings | $57,400 | $58,700 |
| Basic exemption | $3,500 | $3,500 |
| Maximum contributory earnings | $53,900 | $55,200 |
| Employee and employer | 2019 | 2020 |
|---|---|---|
| Base contribution rate | 5.40% | 5.40% |
| First additional contribution rate | 0.15% | 0.30% |
| Contribution rate for the year | 5.55% | 5.70% |
| Maximum base contribution | $2,910.60 | $2,980.80 |
| Maximum first additional contribution | $80.85 | $165.60 |
| Maximum annual contribution | $2,991.45 | $3,146.40 |
| Self-employed person and person responsible for a family-type resource or an intermediate resource | 2019 | 2020 |
|---|---|---|
| Base contribution rate | 10.80% | 10.80% |
| First additional contribution rate | 0.30% | 0.60% |
| Contribution rate for the year | 11.10% | 11.40% |
| Maximum base contribution | $5,821.20 | $5,961.60 |
| Maximum first additional contribution | $161.70 | $331.20 |
| Maximum annual contribution | $5,982.90 | $6,292.80 |