Social Security Rate for Companies and Employees in Canada
Social Security Rate Data in Canada
| Indicator | Data | Period |
|---|---|---|
| Social Security Rate | 14.38 % | 2021 |
| Social Security Rate For Companies | 7.66 % | 2021 |
| Social Security Rate For Employees | 6.72 % | 2021 |
Latest data on Social Security Rate (%)
What is Social Security Rate in Canada?
- Social Security Rate in Canada increased to 14.38 % in 2021. The maximum rate was 14.95 % and minimum was 7.9 %.
- Data published Yearly by Revenue Agency.
Historical Data (%) by years
Data
Period
Date
| 14.38 | 2021 | 02.06.2021 |
| 14.09 | 2020 | 07.03.2021 |
| 14.09 | 2019 | 17.06.2019 |
| 13.81 | 2018 | 13.02.2018 |
| 14.41 | 2016 | 11.08.2017 |
| 7.9 | 2081 | 31.12.1981 |
Historical Chart by prime ministers (%)
Social Security Rate in Canada by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Justin Trudeau | 04.11.2015 - | 14.4100 | 13.8100 | 14.4100 | 13.8100 | -4.16% |
Latest data on Social Security Rate For Companies (%)
What is Social Security Rate For Companies in Canada?
- Social Security Rate in Canada increased to 7.66 % in 2021. The maximum rate was 7.9 % and minimum was 4.3 %.
- Data published Yearly by Revenue Agency.
Historical Data (%) by years
Data
Period
Date
| 7.66 | 2021 | 02.06.2021 |
| 7.37 | 2020 | 07.03.2021 |
| 7.37 | 2019 | 17.06.2019 |
| 7.23 | 2018 | 13.02.2018 |
| 7.58 | 2016 | 11.08.2017 |
| 4.3 | 2081 | 31.12.1981 |
Historical Chart by prime ministers (%)
Social Security Rate For Companies in Canada by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Justin Trudeau | 04.11.2015 - | 7.5800 | 7.2300 | 7.5800 | 7.2300 | -4.62% |
Latest data on Social Security Rate For Employees (%)
What is employer Social Security rate in Canada?
- Corporate Tax Rate in Canada remained unchanged at 6.72 % in 2021. The maximum rate was 7.05 % and minimum was 3.6 %.
- Data published Yearly by Revenue Agency.
Historical Data (%) by years
Data
Period
Date
| 6.72 | 2021 | 02.06.2021 |
| 6.72 | 2020 | 07.03.2021 |
| 6.72 | 2019 | 17.06.2019 |
| 6.58 | 2018 | 13.02.2018 |
| 6.83 | 2016 | 11.08.2017 |
| 3.6 | 2081 | 31.12.1981 |
Historical Chart by prime ministers (%)
Social Security Rate For Employees in Canada by prime ministers
| Name | Period | Start Data | End Data | Max Value | Min Value | CHG% Start/End |
|---|---|---|---|---|---|---|
| Justin Trudeau | 04.11.2015 - | 6.8300 | 6.5800 | 6.8300 | 6.5800 | -3.66% |
Other taxes in Canada
| Index | Updated | Actual | Previous |
| Corporate Tax Rate | 2022 | 26.5 % | 26.5 |
| Personal Income Tax Rate | 2022 | 33 % | 33 |
| Sales Tax Rate | 2022 | 5 % | 5 |
Social Security Rate in other countries
| Country | Updated | Actual | Previous |
| Colombia | 2023 | 30.5 % | 30.5 |
| Panama | 2023 | 22 % | 22.25 |
| Brazil | 2021 | 39.8 % | 39.8 |
| Chile | 2022 | 23.5 % | 23.5 |
| Paraguay | 2023 | 25.5 % | 25.5 |
| Argentina | 2023 | 37.4 % | 37.4 |
| Canada | 2021 | 14.38 % | 14.09 |
| Ecuador | 2023 | 21.6 % | 21.6 |
| Mexico | 2022 | 9.23 % | 9.23 |
| United States | 2023 | 15.3 % | 15.3 |
| Uruguay | 2023 | 35.73 % | 35.73 |
| Jamaica | 2023 | 19.75 % | 19.75 |
| Venezuela | 2023 | 23 % | 23 |
| Cameroon | 2022 | 20.4 % | 20.4 |
