Social Security Rate For Companies in Canada remained unchanged at 7.37 percent in 2020 from 7.37 percent in 2019. source: Canada Revenue Agency

Social Security Rate For Companies in Canada averaged 7.26 percent from 1981 until 2020, reaching an all time high of 7.90 percent in 2003 and a record low of 4.30 percent in 1981. This page provides - Canada Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Social Security Rate For Companies - values, historical data and charts - was last updated on April of 2021.

Social Security Rate For Companies in Canada is expected to reach 7.23 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Social Security Rate For Companies is projected to trend around 7.23 percent in 2022 and 7.37 percent in 2023, according to our econometric models.

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Canada Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
7.37 7.37 7.90 4.30 1981 - 2020 percent Yearly

Canada Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 26.50 26.50 50.90 26.10 percent [+]
Personal Income Tax Rate 33.00 33.00 33.00 29.00 percent [+]
Sales Tax Rate 5.00 5.00 7.00 5.00 percent [+]
Social Security Rate 14.09 14.09 14.95 7.90 percent [+]
Social Security Rate For Companies 7.37 7.37 7.90 4.30 percent [+]
Social Security Rate For Employees 6.72 6.72 7.05 3.60 percent [+]


Canada Social Security Rate For Companies
In Canada, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Companies are an important source of income for the government of Canada because they help to pay for many social programs including welfare, health care and many other benefits.