Canada Revenue Agency announces maximum pensionable earnings for 2019

The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2019 will be $57,400—up from $55,900 in 2018. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada. Contributors who earn more than $57,400 in 2019 are not permitted…

Canada Revenue Agency announces maximum pensionable earnings for 2018

The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2018 will be $55,900—up from $55,300 in 2017. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada. Contributors who earn more than $55,900 in 2018 are not required or permitted…

Counterpoint: Why taking CPP at 60 can make sense, even when the hard math says otherwise

Ted Rechtshaffen | March 21, 2017 1:52 PM ET More from Ted Rechtshaffen Pawel Dwulit/Bloomberg News Earlier this week, Lisa Bjornson and Fred Vettese wrote an excellent article suggesting that one should wait to take the CPP until age 70. The pure math is hard to dispute, as the government provides a bit of an…

Canada Revenue Agency announces maximum pensionable earnings for 2017

November 1, 2016                           Ottawa, Ontario                                     Canada Revenue Agency The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2017 will be $55,300, up from $54,900 in 2016. The new ceiling was calculated using a CPP legislated formula that takes into account the growth in average weekly…

Canada Revenue Agency announces maximum pensionable earnings for 2016

  November 2, 2015  –  Ottawa  –  Canada Revenue Agency The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2016 will be $54,900—up from $53,600 in 2015. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average…

Canada Revenue Agency announces maximum pensionable earnings for 2015

November 3, 2014 – Ottawa, Ontario – Canada Revenue Agency The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2015 will be $53,600—up from $52,500 in 2014. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and…

Canada Revenue Agency announces maximum pensionable earnings for 2015

November 3, 2014 – Ottawa, Ontario – Canada Revenue Agency The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2015 will be $53,600—up from $52,500 in 2014. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and…

CPP/EI Explained

The following information is now available on the CRA website:   New CPP/EI Explained interpretive articles titled: •           Couriers – Employees or self-employed workers? •           Employees and self-employed workers – Responsibilities, benefits, and entitlements http://www.cra-arc.gc.ca/tx/hm/xplnd/menu-eng.html?utm_source=payroll_deductions&utm_medium=eml

Workers aged 60 and over—make sure you are clear on CPP contribution rules

Did you know? Are you 60 to 70 years of age and did you return to work in 2013 after being away from the workforce? You may not know about changes to Canada Pension Plan (CPP) contributions that came into effect in January 2012. The changes affect employees and self-employed workers aged 60 to 70…

CPP/EI Explained

You will find the series of interpretive articles called “CPP/EI Explained”. These articles are intended to make workers and employers more aware of matters relating to the CPP and EI by providing them with information that is accessible and easy to understand. Topics Specific employments Determine if a worker is an employee or self-employed for specific…