The Social Security Rate For Companies in Canada stands at 8.23 percent. Social Security Rate For Companies in Canada averaged 4.66 percent from 1966 until 2026, reaching an all time high of 8.27 percent in 2024 and a record low of 1.80 percent in 1967. source: Canada Revenue Agency

Social Security Rate For Companies in Canada is expected to reach 8.23 percent by the end of 2026, 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 8.23 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Corporate Tax Rate 26.50 26.50 percent Dec 2026
Personal Income Tax Rate 33.00 33.00 percent Dec 2026
Sales Tax Rate 5.00 5.00 percent Dec 2026
Social Security Rate 15.81 15.84 percent Dec 2026
Social Security Rate For Companies 8.23 8.25 percent Dec 2026
Social Security Rate For Employees 7.58 7.59 percent Dec 2026
Withholding Tax Rate 25.00 25.00 percent Dec 2025


Canada Social Security Rate For Companies
In Canada, the Social Security Rate is a labor income tax shared by both employers and employees. It comprises two main components: the Canada Pension Plan (CPP) and Employment Insurance (EI). As of 2025, employers contribute 5.95% to CPP, while the EI contribution rate for employers is 2.3%—calculated as 1.4 times the employee rate of 1.64%. These contributions serve as a crucial revenue source for the government, helping fund key social programs such as welfare, health care, and other public benefits.
Actual Previous Highest Lowest Dates Unit Frequency
8.23 8.25 8.27 1.80 1966 - 2026 percent Yearly