ARCHIVED CD 2006-034: Information Notice to Employees

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Canada Pension Plan and Quebec Pension Plan 2007 Taxation Year

The purpose of this notice is to provide you with the Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) rates, exemptions and earnings for the year 2007.

The contribution rate for both of these plans remains at 4.95% of all contributory earnings.

Changes for the year 2007 are as follows:

  • Maximum Pensionable Earnings: $43,700
  • Basic Exemption: $3,500
  • Maximum Contributory Earnings: $40,200
  • Maximum Contribution: $1,989.90

Any inquiries on the information contained in this notice should be addressed to your compensation advisor.