Real-time Estimation for the
Year’s Maximum Pensionable Earnings (YMPE)

Our current estimate for 2025 YMPE is:

$71,200

Updated May 30, 2024.

Our next update is June 27, 2024.

A YMPE for 2025 of $71,200 represents an increase of 3.9% compared to the current YMPE that is in effect for 2024 ($68,500).

A YMPE for 2025 of $71,200 means that the Year’s Additional Maximum Pensionable Earnings (YAMPE) will be $81,100.
YAMPE = 1.14 x YMPE for 2025 and beyond.
(YAMPE for 2024 was 1.07 x YMPE)

A YMPE for 2025 of $71,200 implies the following for 2025…

Estimate of the maximum employee and employer portion of CPP contributions for 2025 (self-employed individuals contribute twice these amounts):

  • Base CPP = $3,351.15
  • 1st Additional CPP = $677
  • 2nd Additional CPP = $396

Therefore, the total maximum CPP contribution for 2025 is $4,424.15.  If your 2025 income equals or exceeds $81,100, your contribution into the CPP will be $4,424.15.

Estimate of the maximum monthly CPP retirement pension:

  • Base CPP = $1,386.67
  • 1st Additional CPP = $42.74*
  • 2nd Additional CPP = $6.43*

* Only applicable when January is the month chosen by a beneficiary to start their CPP retirement pension. Since the introduction of the Enhanced CPP, the maximum monthly amount for a CPP retirement pension actually increases each month over the year. Learn more here.

The official announcement for 2025 YMPE by the Canada Revenue Agency is expected around the beginning of November.

The calculation methodology is described in our paper, “Real-time Estimation Method for the Year’s Maximum Pensionable Earnings (YMPE):  This Leading Indicator can Improve Payroll Budgeting and Canada Pension Plan (CPP) Calculations.