The Social Security Rate For Companies in Canada stands at 7.37 percent.

Social Security Rate For Companies in Canada averaged 7.25 percent from 1981 until 2019, reaching an all time high of 7.90 percent in 2003 and a record low of 4.30 percent in 1981. This page provides - Canada Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Canada Revenue Agency

Social Security Rate For Companies in Canada is expected to be 7.37 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Social Security Rate For Companies is projected to trend around 7.37 percent in 2020, according to our econometric models.

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Canada Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
7.37 7.27 7.90 4.30 1981 - 2019 percent Yearly

Canada Social Security Rate For Companies
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 For Companies 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.