Canada Social Security Rate For Companies

The Social Security Rate For Companies in Canada stands at 7.37 percent. Social Security Rate For Companies in Canada averaged 7.25 percent from 1981 until 2019, 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 7.23 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 7.23 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	14.09	13.81	14.95	7.90	percent	[+]
Social Security Rate For Companies	7.37	7.27	7.90	4.30	percent	[+]
Social Security Rate For Employees	6.72	6.61	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 July of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	7.37	7.27	7.90	4.30	1981 - 2019	percent	Yearly

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Country	Last		Previous	Range
France	45.00	Dec/18	45	45 : 37.9	%
China	37.00	Dec/18	37	37 : 37	%
Italy	30.00	Dec/19	30	45.9 : 30	%
Russia	30.00	Dec/19	30	35.6 : 26	%
Spain	29.90	Dec/19	29.9	33.7 : 29.9	%
Brazil	28.80	Dec/19	28.8	31.8 : 20	%
Argentina	26.70	Dec/19	26.7	27 : 26.7	%
Turkey	22.50	Dec/19	22.5	22.5 : 16.5	%
Netherlands	19.80	Dec/19	19	21.25 : 17.4	%
Germany	19.44	Dec/19	19.38	21 : 16.7	%
Singapore	17.00	Dec/19	17	17 : 13	%
Japan	14.75	Dec/18	14.75	15.2 : 6.8	%
United Kingdom	13.80	Dec/19	13.8	13.8 : 10.2	%
India	12.00	Dec/18	12	12 : 12	%
Saudi Arabia	12.00	Dec/19	12	12 : 11	%
South Korea	10.40	Dec/18	10.4	10.4 : 8.5	%
Australia	9.50	Dec/19	9.5	9.5 : 9	%
United States	7.65	Dec/18	7.65	10.1 : 7.65	%
Mexico	7.58	Dec/18	7.58	14.7 : 7.58	%
Canada	7.37	Dec/19	7.27	7.9 : 4.3	%
Switzerland	6.00	Dec/19	6	11.55 : 6	%
Indonesia	5.74	Dec/18	5.74	11.74 : 5.74	%
South Africa	1.00	Dec/19	1	2 : 1	%