Example
You earn $80,000 in 2026. Your CPP deduction is about $4,446 ($4,230 base CPP plus $216 CPP2) — your employer pays the same amount on top. Quebec residents pay into QPP instead at slightly different rates.
CRA source: T4127
Disclaimer: Plain-language summary for educational purposes. Canada Tax Planner is software, not a tax professional. Consult a CPA before filing decisions involving incorporation, multi-province residency, or amounts above $5,000. Not affiliated with the Canada Revenue Agency.