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 June of 2023.

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Canada Social Security Rate

Related Last Previous Unit Reference
Corporate Tax Rate 26.50 26.50 percent Dec 2022
Personal Income Tax Rate 33.00 33.00 percent Dec 2022
Sales Tax Rate 5.00 5.00 percent Dec 2022
Social Security Rate 14.38 14.09 percent Dec 2021
Social Security Rate For Companies 7.66 7.37 percent Dec 2021
Social Security Rate For Employees 6.72 6.72 percent Dec 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
14.38 14.09 14.95 7.90 1981 - 2021 percent Yearly