The Social Security Rate For Employees in Canada stands at 6.72 percent. 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.

Social Security Rate For Employees in Canada is expected to be 6.58 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 Employees is projected to trend around 6.58 percent in 2020, according to our econometric models.

Canada Social Security Rate For Employees
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Canada Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 26.50 26.50 50.90 26.10 percent [+]
Personal Income Tax Rate 33.00 33.00 33.00 29.00 percent [+]
Sales Tax Rate 5.00 5.00 7.00 5.00 percent [+]
Social Security Rate 14.09 13.81 14.95 7.90 percent [+]
Social Security Rate For Companies 7.37 7.27 7.90 4.30 percent [+]
Social Security Rate For Employees 6.72 6.61 7.05 3.60 percent [+]


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. This page provides - Canada Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Canada Social Security Rate For Employees - actual data, historical chart and calendar of releases - was last updated on October of 2019.

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




Country Last Previous
Netherlands 27.65 Dec/19
Singapore 20.00 Dec/19
Germany 19.63 Dec/19
Argentina 17.00 Dec/19
Turkey 15.00 Dec/19
Japan 14.45 Dec/18
France 14.20 Dec/18
India 12.00 Dec/18
United Kingdom 12.00 Dec/19
Brazil 11.00 Dec/19
China 11.00 Dec/18
Saudi Arabia 10.00 Dec/19
Italy 9.49 Dec/19
South Korea 8.41 Dec/18
United States 7.65 Dec/18
Canada 6.72 Dec/19
Spain 6.35 Dec/19
Switzerland 6.00 Dec/19
Indonesia 4.00 Dec/18
Australia 2.00 Dec/19
Mexico 1.65 Dec/18
South Africa 1.00 Dec/19
Russia 0.00 Dec/19


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