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CPP1 contribution: $3,361.75
Total employee: $3,361.75
Employer matches: $3,361.75
Self-employed total: $6,723.50
Per pay period (bi-weekly): $129.30
Estimates only — not your actual CPP from Service Canada. Verify with your Statement of Contributions.
The calculator applies simplified age adjustments: about 0.6% per month before 65 (reduction) and about 0.7% per month after 65 (increase), relative to a baseline at 65. There is no universally correct answer — it depends on health, other income, tax, and personal circumstances.
| Start age | Illustrative adjustment vs age 65 |
|---|---|
| 60 | About −36% (5 years early × 12 months × 0.6%) |
| 65 | Baseline (0%) |
| 70 | About +42% (5 years late × 12 months × 0.7%) |
CPP benefit estimates are illustrative only. Actual benefits depend on your complete contribution history with Service Canada. Check your Statement of Contributions at canada.ca (My Service Canada Account). Cashsembly is not affiliated with the CRA or Service Canada.
For 2026, the employee base CPP contribution rate is 5.95% on pensionable earnings between the basic yearly exemption ($3,500) and the Year’s Maximum Pensionable Earnings (YMPE) of $73,200. The maximum employee CPP (base) contribution for 2026 is $4,034.10 before CPP2.
CPP2 (second earnings ceiling) is an enhanced part of the CPP. For 2026, employees and employers each pay 4% on pensionable earnings above the YMPE ($73,200) up to the Year’s Additional Maximum Pensionable Earnings (YAMPE) of $81,200. CPP2 has applied in phases since the enhancement began; always confirm current rates with the CRA or Service Canada.
The maximum monthly CPP retirement pension at age 65 used in this calculator is $1,364.60 for 2026 (illustrative). Your actual benefit depends on your full contribution history and other factors.
There is no single correct age for everyone. Taking CPP before 65 reduces the monthly amount; delaying past 65 increases it. The right choice can depend on health, other income, tax, spousal benefits, and personal goals. This page provides estimates only — not advice.
Yes. Self-employed individuals generally pay both the employee and employer portions of CPP. On the base CPP, that is typically 11.9% combined on pensionable earnings in the YMPE band (5.95% × 2), plus both portions of CPP2 where applicable (4% × 2 on the CPP2 band).
Once your pensionable earnings and contributions reach the annual maximums for CPP (and CPP2 if applicable), CPP deductions for that year generally stop. Timing depends on your income and pay schedule. Check your pay slips and CRA/Service Canada records.