Canada Social Security Rate For Companies

The Social Security Rate For Companies in Canada stands at 7.23 percent. Social Security Rate For Companies in Canada averaged 7.25 percent from 1981 until 2018, reaching an all time high of 7.90 percent in 2003 and a record low of 4.30 percent in 1981.

Social Security Rate For Companies in Canada is expected to be 7.21 percent by the end of this quarter, 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 6.99 percent in 2020, according to our econometric models.

Canada Social Security Rate For Companies

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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	13.81	13.81	14.95	7.90	percent	[+]
Social Security Rate For Companies	7.23	7.23	7.90	4.30	percent	[+]
Social Security Rate For Employees	6.58	6.58	7.05	3.60	percent	[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	7.23	7.23	7.90	4.30	1981 - 2018	percent	Yearly

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Country	Last		Previous	Highest	Lowest
France	45.00	Dec/18	45	45	37.9	%	Yearly
China	37.00	Dec/18	37	37	37	%	Yearly
Italy	30.00	Dec/18	30	45.9	30	%	Yearly
Russia	30.00	Dec/18	30	35.6	26	%	Yearly
Spain	29.90	Dec/18	29.9	33.7	29.9	%	Yearly
Brazil	28.80	Dec/18	28.8	31.8	20	%	Yearly
Argentina	27.00	Dec/18	27	27	27	%	Yearly
Turkey	22.50	Dec/18	22.5	22.5	16.5	%	Yearly
Germany	19.43	Dec/18	19.43	21	16.7	%	Yearly
Netherlands	18.69	Dec/18	18.69	21.29	18.08	%	Yearly
Singapore	17.00	Dec/18	17	17	13	%	Yearly
Japan	14.75	Dec/18	14.75	15.2	6.8	%	Yearly
United Kingdom	13.80	Dec/18	13.8	13.8	10.2	%	Yearly
India	12.00	Dec/18	12	12	12	%	Yearly
Saudi Arabia	12.00	Dec/18	12	12	11	%	Yearly
South Korea	10.40	Dec/18	10.4	10.4	8.5	%	Yearly
Australia	9.50	Dec/18	9.5	9.5	9	%	Yearly
United States	7.65	Dec/18	7.65	10.1	7.65	%	Yearly
Mexico	7.58	Dec/18	7.58	14.7	7.58	%	Yearly
Canada	7.23	Dec/18	7.23	7.9	4.3	%	Yearly
Switzerland	6.23	Dec/18	6.23	11.55	6.05	%	Yearly
Indonesia	5.74	Dec/18	5.74	11.74	5.74	%	Yearly
South Africa	1.00	Dec/18	1	2	1	%	Yearly