What is the year's maximum pensionable earnings?
The year's maximum pensionable earnings is an amount set by the federal government. Find out how it may affect your pension.
Each year, the federal government sets the year’s maximum pensionable earnings (YMPE). This is the maximum salary on which you need to make contributions to the Canada Pension Plan. We use the YMPE in our formula to calculate your contributions and pension benefits.
| Year | YMPE |
|---|---|
| 2024 | $68,500 |
| 2023 | $66,600 |
| 2022 | $64,900 |
| 2021 | $61,600 |
| 2020 | $58,700 |
| 2019 | $57,400 |
| 2018 | $55,900 |
| 2017 | $55,300 |