Self-employed individuals pay the employee and employer portions of CPP, totalling 9.9 percent on earnings over the YBE and below the YMPE.

Question

Quizplus · Accepted Answer

Self-employed individuals are responsible for paying both the employee and employer portions of CPP, which adds up to a total contribution of 9.9 percent on earnings that are above the Year's Basic Exemption (YBE) and below the Year's Maximum Pensionable Earnings (YMPE).

Self-Employed Individuals Pay the Employee and Employer Portions of CPP