The Social Security Rate For Employees in Canada stands at 6.72 percent. Canada Social Security Rate For Employees - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Social Security Rate For Employees in Canada averaged 6.50 percent from 1981 until 2019, reaching an all time high of 7.05 percent in 2003 and a record low of 3.60 percent in 1981. This page provides - Canada Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Canada Revenue Agency

Social Security Rate For Employees in Canada is expected to reach 6.72 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Social Security Rate For Employees is projected to trend around 6.72 percent in 2021, according to our econometric models.


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Canada Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
6.72 6.61 7.05 3.60 1981 - 2019 percent Yearly


Canada Social Security Rate For Employees
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 Employees 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.