The Social Security Rate in Canada stands at 13.81 percent. source: Canada Revenue Agency

Social Security Rate in Canada averaged 13.74 percent from 1981 until 2018, reaching an all time high of 14.95 percent in 2003 and a record low of 7.90 percent in 1981. This page provides - Canada Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Social Security Rate - values, historical data and charts - was last updated on October of 2020.

Social Security Rate in Canada is expected to reach 14.09 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Social Security Rate is projected to trend around 14.09 percent in 2021, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Canada Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.09 13.81 14.95 7.90 1981 - 2019 percent Yearly

Canada Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 26.50 26.50 50.90 26.10 percent [+]
Personal Income Tax Rate 33.00 33.00 33.00 29.00 percent [+]
Sales Tax Rate 5.00 5.00 7.00 5.00 percent [+]
Social Security Rate 14.09 13.81 14.95 7.90 percent [+]
Social Security Rate For Companies 7.37 7.27 7.90 4.30 percent [+]
Social Security Rate For Employees 6.72 6.61 7.05 3.60 percent [+]

Canada Social Security Rate
In Canada, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Canada because they help to pay for many social programs including welfare, health care and many other benefits.