Canadian Public Programs Rates and Amounts for 2017

Tax-assited Savings

Contribution dollar maxima for 2017.

Tax-free Savings Account (TFSA) $5,500
Registered Retirement Savings Plan $26,010
Money Purchase Pension Plan $26,230
Deferred Profit Sharing Plan (DPSP) $13,115

Canada Pension Plan

Canada Pension Plan contributions and benefits for 2017.

Yearly Maximum Pensionable Earnings (YMPE) 55,300
Yearly Basic Exemption 3,500
Contribution Rate  
Employer 4.95%
Employee 4.95%
Self-Employed 9.90%
Maximum Annual Contributions  
Employer 2,564.10
Employee 2,564.10
Self-Employed 5,128.20
Retirement Benefits (per month)  
Maximum Pension at Age 65 1,114.17
Death Benefits  
Lump Sum 2,500.00
Survivor's Benefit  
Maximum under age 65 (per month) 604.32
Maximum over age 65 (per month) 668.50
Orphan (per child per month) 241.02

Québec Pension Plan

Québec Pension Plan contributions and benefits for 2017.

Yearly Maximum Pensionable Earnings (YMPE) 55,300
Yearly Basic Exemption 3,500
Contribution Rate  
Employer 5.40%
Employee 5.40%
Self-Employed 10.80%
Maximum Annual Contributions  
Employer 2,797.20
Employee 2,797.20
Self-Employed 5,594.40
Retirement Benefits (per month)  
Maximum Pension at Age 65 1,114.17
Death Benefits  
Lump Sum 2,500.00

Old Age Security

Federal Government Old Age Security pension monthly benefits for 2017.

All Recipients  
Maximum Monthly Benefit 578.53
Maximum Annual Income (based on January 1 payments) 6,942
Net Income Threshold Above Which 15% Repayment Applies 74,788
Net Income Above Which No OAS is Payable 119,615

Guaranteed Income Supplement

Guaranteed Income Supplement benefits for 2017.

Single person  
Maximum Monthly Benefit 864.09
Maximum Annual Income 17,544
Spouse of Pensioner  
Maximum Monthly Benefit 520.17
Maximum Annual Income 23,184
Spouse of Non-Pensioner  
Maximum Monthly Benefit 864.09
Maximum Annual Income 42,048

Employment Insurance Contributions

Federal Employment Insurance contributions for 2017 for all provinces except Québec. See below for Québec contributions.

Required Employee Contributions  
As a Percentage of Insurable Earnings 1.63%
Maximum Annual Employee Contributions 836.19
Required Employer Contributions  
As a multiple of Employee Contributions 1.4
As a Percentage of Insurable Earnings 2.282%
Maximum Annual Employer Contributions 1,170.67

Employment Insurance Benefits

Federal Employment Insurance contributions for 2017.

Maximum Yearly Insurable Earnings 51,300
Weekly Benefits  
Percentage of Average Insured Earnings 55%
Maximum Weekly Benefit 543.00

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