What is the year's maximum pensionable earnings?
The year's maximum pensionable earnings is an amount set by the federal government. Find out how it may affect your pension.
Each year, the federal government sets the year’s maximum pensionable earnings (YMPE). This is the maximum salary amount on which you need to contribute to the Canada Pension Plan.
For pensionable service earned on or after April 1, 2018, we will no longer use YMPE to calculate your annual contribution to the plan. Instead, your contribution will be based on a single rate.
For pensionable service earned before April 1, 2018, we use YMPE in our formula to calculate your annual contribution to BC's Public Service Pension Plan.