An Act to amend the Canada Pension Plan, the Canada Pension Plan Investment Board Act and the Income Tax Act (S.C. 2016, c. 14)
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Assented to 2016-12-15
SCHEDULE(Section 56)
SCHEDULE 2(Section 11.2 and subsections 113.1(5), (6), (11.141), (11.15) and (12))First and Second Additional Contribution Rates
First Additional Contribution Rates
| For Employees | For Employers | For Self-employed Persons | |
|---|---|---|---|
| Year | (%) | (%) | (%) |
| 2019 | 0.15 | 0.15 | 0.3 |
| 2020 | 0.3 | 0.3 | 0.6 |
| 2021 | 0.5 | 0.5 | 1.0 |
| 2022 | 0.75 | 0.75 | 1.5 |
| 2023 | 1.0 | 1.0 | 2.0 |
| 2024 and each subsequent year | 1.0 | 1.0 | 2.0 |
Second Additional Contribution Rates
| For Employees | For Employers | For Self-employed Persons | |
|---|---|---|---|
| Year | (%) | (%) | (%) |
| 2024 and each subsequent year | 4.0 | 4.0 | 8.0 |
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