Updated Checked by the Tax-Services.ca editorial team How we check
On 1 January 2027 the CPP rate falls to 5.75%, the CPP ceilings rise to $76,700 and $87,400, the EI rate rises to 1.64% and the RRSP limit reaches $35,390. The TFSA limit, federal brackets and TD1 forms are still unpublished. Below is the confirmed list with sources.
What is confirmed for January 1, 2027?
Payroll and registered plan limits are already published by the CRA and by Employment and Social Development Canada. This table collects them in one place. The 2026 column uses the same pages.
| Item | 2026 | 2027 |
|---|---|---|
| CPP rate | 5.95% | 5.75% |
| YMPE (first CPP ceiling) | $74,600 | $76,700 |
| Maximum CPP, employee | $4,230.45 | $4,209.00 |
| YAMPE (CPP2 ceiling) | $85,000 | $87,400 |
| Maximum CPP2, employee | $416.00 | $428.00 |
| EI rate outside Quebec | 1.63% | 1.64% |
| EI maximum insurable earnings | $68,900 | $70,800 |
| Maximum EI premium, employee | $1,123.07 | $1,161.12 |
| EI maximum weekly benefit | $729 | $749 |
| RRSP dollar limit | $33,810 | $35,390 |
| Money purchase limit | $35,390 | $36,390 |
Sources, checked 12 November 2026: CRA CPP page, CRA CPP2 page, ESDC 2027 EI rates and CRA limits table.
What payroll changes will you see on your paycheque?
Pay stub deductions for CPP, CPP2 and EI combine. The lower CPP rate of 5.75% nearly offsets the higher ceilings and the higher EI rate. This table shows our sums with the official rates and ceilings for three example salaries, with one employer and a full year of earnings. It leaves out income tax, which is not published yet.
| Salary | 2026 CPP + CPP2 + EI | 2027 CPP + CPP2 + EI | Difference |
|---|---|---|---|
| $50,000 | $3,581.75 | $3,493.75 | $-88.00 |
| $80,000 | $5,569.52 | $5,502.12 | $-67.40 |
| $100,000 | $5,769.52 | $5,798.12 | $28.60 |
At $100,000 the total is $5,798.12 in 2027 against $5,769.52 in 2026, a difference of $28.60 a year. That is an example, not a payroll tool. Try the take-home pay 2027 preview for your own number.
What changes for Quebec workers?
Quebec workers pay a lower EI rate, because Quebec runs its own parental benefits. ESDC lists $1.29 per $100 of insurable earnings for 2027, with a maximum premium of $913.32 for workers. The QPP and QPIP figures for 2027 were not on a page we could read on 12 November 2026, since the Revenu Quebec table did not load for our tools. Open it in a browser.
Our QPP and QPIP page shows what we know.
Which provincial changes take effect?
The only 2027 provincial tax change that we could confirm on an official page today is British Columbia: its page says Budget 2026 paused the indexation of tax brackets for the 2027 to 2030 tax years, with indexation resuming for 2031 (BC tax rates page, updated 17 April 2026). Read our BC pause article for what that means for a bracket.
Other provinces have not published 2027 brackets on the pages we could read. Our provincial pages, such as Alberta and Manitoba, list measures announced for 1 January 2027 and say when we checked them. We did not recheck them for this page.
What happens to the foreign buyer ban on 1 January 2027?
The federal Act is set to be repealed on that date under current law. Budget 2026, tabled on 5 November, proposes to extend it to 1 January 2029 for existing homes and to exempt new residential properties (Budget 2026 Annex 3). It is a proposal that needs a bill. Our foreign buyer ban page tracks it.
What changes for fuel excise tax in early 2027?
Budget 2026 in brief says the relief on the federal fuel excise tax is full until 31 January 2027 and at 50% from 1 February 2027 until 31 March 2027. The page does not say what happens after that date. It gives the effect as up to 10 cents a litre on gasoline and up to 4 cents on diesel (Budget 2026 in brief). See our fuel excise page.
Which dates follow in the first months of 2027?
This list pulls together dates that affect most readers. Weekdays were computed in code. The tax dates follow the rule that applies to the 2026 tax year.
| Date | What happens |
|---|---|
| January 31, 2027 (Sunday) | Last day of full federal fuel excise relief, per Budget 2026 in brief |
| February 1, 2027 (Monday) | Fuel excise relief drops to 50% until March 31 |
| March 1, 2027 (Monday) | RRSP contribution deadline for the 2026 tax year, since February 28 is a Sunday |
| March 31, 2027 (Wednesday) | Last day of the 50% fuel excise relief |
| April 30, 2027 (Friday) | File the 2026 return and pay any balance |
| June 15, 2027 (Tuesday) | Filing date for most self-employed people, with any balance still due April 30 |
The RRSP and filing dates follow standard CRA rules, and the 2026 tax year dates had not been posted on a separate CRA page when we looked. See the tax calendar 2027 for the sources.
What should you check in December?
Look at your last 2026 pay stub to see how much CPP, CPP2 and EI came off, and keep it for tax time. If you plan an RRSP contribution, find your deduction limit on the notice of assessment. If you run payroll, wait for the CRA to post the January 2027 tables and the 2027 TD1 forms before you update your software, because the rates in the tables above only cover CPP, CPP2 and EI.
Employees do not need a new TD1 simply because the year changes, and the 2027 form is not out. Check the CRA forms page if your situation changed. Our payroll deductions 2027 page keeps the payroll numbers in one place.
What does it cost an employer?
For a worker who earns above $87,400, the employer matches CPP and CPP2, and pays 1.4 times the employee EI premium. The 2027 maximum for the employer is $4,209.00 + $428.00 + $1,625.57 = $6,262.57 per such employee. Our sum for 2026 uses the $4,230.45 and $416.00 maximums and 1.4 times the $1,123.07 EI premium, which is $6,218.75. The difference is $43.82. This is our arithmetic, so check the CRA payroll pages for the official 2026 EI employer figure.
Employers also have to watch the EI premium reduction programs and the payroll tables when they appear. Those details are not in the pages we could read today.
What is not published yet?
The CRA has not posted the 2027 TFSA limit, the federal indexation factor, tax brackets and basic personal amount, 2027 TD1 forms or payroll tables. The CCB amounts from July 2027 and the 2027 payment dates for CCB and the groceries benefit are also missing, and so are OAS amounts for January 2027. The CRA indexation page, modified 12 March 2026, covers 2023 to 2026 and says indexation for the groceries benefit will resume in 2027.
Because the May 15 filing date proposed in Budget 2026 applies to the 2027 tax year, the return for 2026 is still due on 30 April 2027, and 15 June 2027 for most self-employed people. See the 2027 tax calendar.
Frequently asked questions
What changes on January 1, 2027 for payroll?
The CPP rate falls to 5.75%, the ceilings rise to $76,700 and $87,400, and the EI rate rises to 1.64% on insurable earnings up to $70,800 outside Quebec. Those are the CRA and ESDC figures we checked on 12 November 2026.
Will my take-home pay go up in 2027?
Slightly less is deducted for CPP at moderate salaries and a little more for EI and CPP2. At $100,000 our sums give $28.60 more in total deductions for 2027. Income tax is a separate matter and 2027 brackets are not published.
Is the TFSA limit for 2027 out yet?
No. The CRA table of limits ends at $7,000 for 2026 on 12 November 2026. Check the CRA page for the 2027 number before you make plans.
Does the 2027 federal basic personal amount change?
It has not been published. The CRA indexation page we read still covers 2023 to 2026 only. Ignore unofficial projections until the CRA posts the indexation factor and amounts.
When is the 2026 tax return due?
The deadline stays 30 April 2027 for the 2026 tax year, and 15 June 2027 for most self-employed people, with any balance still due on 30 April. A May 15 date is only proposed, starting with the 2027 tax year.