The Social Security Rate in Canada stands at 14.38 percent. source: Canada Revenue Agency

Social Security Rate in Canada averaged 13.79 percent from 1981 until 2021, 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 November of 2021.

Social Security Rate in Canada is expected to reach 14.38 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 14.38 percent in 2022, according to our econometric models.

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Canada Social Security Rate

Related Last Previous Unit Reference
Corporate Tax Rate 26.50 26.50 percent Dec/21
Personal Income Tax Rate 33.00 33.00 percent Dec/21
Sales Tax Rate 5.00 5.00 percent Dec/21
Social Security Rate 14.38 14.09 percent Dec/21
Social Security Rate For Companies 7.66 7.37 percent Dec/21
Social Security Rate For Employees 6.72 6.72 percent Dec/21
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.