Your 2017 pension contributions

January 09, 2017

Welcome back to work!

Here’s what you need to know about your 2017 pension contributions:

  • you’ll contribute 11.5% of your annual salary up to the Canada Pension Plan (CPP) limit; and

  • 13.1% of any salary above the CPP limit.

This year the CPP limit is $55,300. Learn more here about how Ontario Teachers’ and CPP work together.

If you’re considering paying for a leave, the standard interest rate for the year is 1.18%.

To see the exact amount you’re contributing to your pension, check your pay stub or T4 slip.

Retired? Learn about your 2017 inflation adjustment here