Frequently asked questions about contributions to the Québec Pension Plan
Contributions
You can find answers to your questions rapidly in the FAQ. For further information, consult the section Work.
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Workers age 18 and over whose earnings exceed 3 500 $ must contribute to the Québec Pension Plan. The minimum has been 3 500 $ since 1998.
In
2012, the maximum is
50 100 $.
All workers age 18 and over must contribute to the Plan.
More than 3 800 000 Quebeckers contribute to the Plan.
In 2013, the contribution rate is 10,20 %. Contributions to the Plan are divided equally between the employer and the employee. Each pays contributions equal to 5,10 % of the portion of the employee's salary that falls between the basic exemption and the maximum pensionable earnings. Self-employed workers, however, pay the entire amount.
The contribution rate will increase by 0,15 % a year until it reaches 10,80 % in 2017. As of 2018, an automatic mechanism will be implemented to align the contribution rate with the steady-state rate.
The Québec Pension Plan's assets are managed by the
Caisse de dépôt et placement du Québec.
As at 31 December 2010, the Plan's assets were 33,3 billion $.
You must have contributed for at least one year.