CPP Calculator
Calculate your 2026 Canada Pension Plan contributions (including CPP2) and estimate your monthly retirement pension at any start age from 60 to 70
Your 2026 Employment Details
Gross pensionable employment or self-employment earnings for 2026.
2026 figures: YMPE $74,600, YAMPE $85,000, basic exemption $3,500, employee rate 5.95%, CPP2 rate 4%. Source: Canada Revenue Agency.
Results
Your CPP Contribution
Employee share deducted from your pay over the year
Base CPP (5.95%)
On earnings between $3,500 and $74,600
CPP2 (4%)
On earnings between $74,600 and $85,000
Employer Contribution
Total flowing into CPP for you: $7,318.50
2026 maximum for an employee: $4,646.45 ($4,230.45 base + $416.00 CPP2). You are at $987.20 below the maximum.
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Frequently asked questions
What is the maximum CPP contribution for 2026?
For 2026 the maximum employee contribution is $4,646.45: $4,230.45 base CPP (5.95% of earnings between the $3,500 exemption and the $74,600 YMPE) plus $416.00 of CPP2 (4% of earnings between $74,600 and the $85,000 YAMPE). Employers match it, and self-employed people pay both shares — up to $9,292.90.
What is CPP2 and who pays it?
CPP2 is the second additional contribution introduced in 2024 as part of the CPP enhancement. In 2026 it is 4% (employee and employer each) on earnings between the first ceiling (YMPE, $74,600) and the second ceiling (YAMPE, $85,000). You only pay it if you earn more than $74,600; it tops out at $416.00 per year for an employee.
How much CPP will I get when I retire?
In 2026 the maximum new retirement pension at age 65 is $1,507.65 per month, but the average new pension is about $925.35. Your actual amount depends on how many years you contributed and how close your earnings were to the maximum — roughly 39 years of maximum contributions are needed for the full pension. Check your Statement of Contributions in My Service Canada Account for your personal estimate.
Should I take CPP at 60, 65, or 70?
Starting before 65 permanently reduces your pension by 0.6% per month (36% less at 60); waiting past 65 permanently increases it by 0.7% per month (42% more at 70). Delaying pays off if you expect a longer-than-average retirement or have other income to bridge the gap, while taking it early can make sense if you need the income or have health concerns.
Do self-employed people pay double CPP?
Yes. Self-employed individuals pay both the employee and employer shares: 11.9% on net self-employment earnings between $3,500 and $74,600, plus 8% on earnings between $74,600 and $85,000 in 2026 — a maximum of $9,292.90. Half of it is deductible from income, and the enhanced portion also earns a tax deduction.