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 Updated with 2010 rates! This applies to you if you have a regular job with a salary over about $40,000 per year. We all have to pay CPP and EI, these are deducted at source by your payroll. Both CPP and EI have a maximum annual amount, and that payroll does not spread out the amount throughout the year. The net effect is your take home pay is less at the start of the year, until you reach your maximums.
In 2010, CPP employee contribution rate remains unchanged at 4.95%, and the maximum annual pensionable earnings has gone up from $46,300 to $47,200. If you work it out, with the basic exemption, you have to pay $2,163.15 CPP in 2010. That is an increase of $44.55 or 2% from last year (last year it went up 3%).
For EI, the maximum annual insurable earnings is changing from $42,300 to $43,200 and the EI rate remains unchanged at 1.73% for 2009. If you calculate that, you will need to pay a maximum of $747 for EI in 2010. 
In the above table, you can see that for an income of $50,000 annually, you have reached your maximum at 10.5 months. It was 10.3 months in 2009, so things are continuing to get worse. For some of November and December you get an extra $278 in your pay - just in time for holiday spending or topping up your RRSP. The more you earn, the sooner you reach your maximum CPP + EI. At a salary of $100,000 you get an extra $557 per month from June through to December. Even more to put into your RRSP...
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An excel file of the calculations is found here 
For 2010 CPP info, check here, for 2010 EI info check here
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Pat P.S. Thanks to the folks who left the comment/correction!
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Its not always worse....
Written by 'Guest' on 2009-12-30 10:20:43
The increase in the maximum CPP & EI payments were only 2.1%. If your income was above the maximum annual insurable earnings your annual salary had to be increase by more than 2.1% to be better off. | dan
Written by 'Guest' on 2010-06-09 13:41:31
this info is great, thanks for updating it as well! | Johno
Written by 'Guest' on 2010-09-16 21:39:12
 Thanks for the tip, Pat.
I assume once the employee is done his/her share of their CPP payment, the company no longer pays anything either...
Correct?
Again, I really like the layout of the answer to the CPP/EI issue. | Tax Advisor
Written by 'Guest' on 2010-09-28 09:38:31
"In the above table, you can see that for an income of $50,000 annually, you have reached your maximum at 10.5 months. It was 10.3 months in 2009, so things are continuing to get worse."
This is not a fair statement. Part of the reason the maximum annual insurable/pensionable earnings is increasing is due to inflation. If you assume a 2% inflation rate, for example, the person making $50,000 in the prior year will now be earning $51,000 and (factoring in the basic exemption) it will take 10.3 months to max out, or exactly the same as in 2009.
I don't have the exact inflation rates handy, so it may well have become worse in 2010 - but it's not obvious from that calculation that this is the case. | inflation formula
Written by 'Guest' on 2010-09-30 14:45:02
the 2% inflation rate not affecting the 10.3 months to max out only works if you actually get a raise. many of us do not get annual increases...our company ran at a loss last year and this year will barely break even...no raises... so yup, taking longer to get to that "free and clear" point.  | Inflation Formula
Written by 'Guest' on 2010-10-01 10:47:03
Fair enough - but I'm assuming we're focused on averages, not individual examples. I mean, if your salary was frozen in a year where inflation was >0, you received a pay cut in real terms. But I'd argue THAT's the reason it's taking longer to max out EI/CPP, not the nominal increase in the salary cap.
Just a quick search, but looks to me like 2010's mean salary increase was 2.6% (http://www.calgaryherald.com/business/Salary+increases+Canada+higher+this+year+Survey/3490037/story.html) EI and CPP maximums increased by less than that - so on average this year, things actually got better (if those #'s are correct).
I mean....It sucks for those that didn't get an increase (and I'd argue that the basic exemption should ALSO be increasing to account for inflation), I just don't think it's quite so clear that "things are continuing to get worse." | CPP
Written by 'Guest' on 2010-10-20 19:07:15
Thank, the information is very helpful but do I pay for EI and CPP every year? | gYkaotoWTJ
Written by 'Guest' on 2012-02-04 05:11:04
You are most wemocle guys. Uganda is definitely one of the most interesting destinations in Africa (eh! its the pearl of Africa) and your trip will be a worthwhile investment, I am sure. At the moment, there are tons of expectations that with the discovery of oil in the country, poverty will soon be part of history; but is this going to be the case? Maybe or maybe not. Perhaps when you get here you could find some time to talk to a few organizations/individuals working on oil (like us/me & hahahaha) to get there perspectives, as well as the implications of this nascent industry for conservation.Cant wait to see you yes, especially you Mark.All the best.Ivan | zAWATWaPdF
Written by 'Guest' on 2012-02-05 10:07:47
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