Revenu Quebec confirmed that the 2025 QPP maximum pensionable earnings will be $71,300, up from $68,500. The basic exemption amount for 2025 remains at $3,500.
The employee and employer contribution rates for 2025 will remain at 6.4 per cent, and the self-employed contribution rate will remain at 12.8 per cent.
The maximum employer and employee contribution to the plan for 2025 will be $4,339.20 each, and the maximum self-employed contribution will be $8,678.40.
The 2024-2025 yearly maximum pensionable earnings, exemption, contribution rate, and maximum QPP contribution are summarized as follows:
|
QPP Rates |
||
|
QPP rates |
2024 QPP |
2025 QPP |
|
Year’s maximum pensionable earnings (YMPE) |
$68,500.00 |
$71,300.00 |
|
Annual basic exemption |
$3,500.00 |
$3,500.00 |
|
Contributory earnings |
$65,000.00 |
$67,800.00 |
|
Contribution rate |
6.40% |
6.40% |
|
Employee-employer maximum annual contribution |
$4,160.00 |
$4,339.20 |