what is the maximum cpp contribution for 2023

The maximum CPP contribution for 2023 depends on whether you are an employee or self-employed. For employees, the maximum contribution is $3,754.45, or 5.95% of your salary (less a $3,500 exemption), whichever is more. For self-employed individuals, the maximum CPP contribution is $7,508.90. Its important to note that if you earn more than $66,600 in 2023, youll contribute the maximum amount to CPP.