your employer can deduct a maximum of $3,942.45 CPP contribution in 2024. Even the enhanced CPP will only cover a third of your expenses. You have to make arrangements for the remaining two-thirds.

Starting this year, the enhanced pension plan now has two ... a larger portion of their paycheques going toward Canada Pension Plan contributions as of Monday. Enjoy the latest local, national ...

The CRA updates the maximum annual pensionable earnings annually. The first $3,500 is exempt from CPP contributions. Any income above that is used to calculate CPP contributions. If your salary ...

your employer can deduct a maximum of $3,942.45 CPP contribution in 2024. Even the enhanced CPP will only cover a third of your expenses. You have to make arrangements for the remaining two-thirds.