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. 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.
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