Social Security Rate in Canada remained unchanged at 14.09 percent in 2020 from 14.09 percent in 2019. source: Canada Revenue Agency

Social Security Rate in Canada averaged 13.77 percent from 1981 until 2020, 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 April of 2021.

Social Security Rate in Canada is expected to reach 13.81 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Social Security Rate is projected to trend around 13.81 percent in 2022 and 14.09 percent in 2023, according to our econometric models.

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Canada Social Security Rate

Actual Previous Highest Lowest Dates Unit Frequency
14.09 14.09 14.95 7.90 1981 - 2020 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 14.09 14.95 7.90 percent [+]
Social Security Rate For Companies 7.37 7.37 7.90 4.30 percent [+]
Social Security Rate For Employees 6.72 6.72 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.