How CPP Contributions Used to Work Employees and employers in Canada make Canada Pension Plan (“CPP’) contributions, and as of 2023, there’s a single annual ceiling of contributions of 5.95% for both employees and employers. This ceiling is officially called the “Year’s Maximum Pensionable Earnings“. The Government of Canada sets a new Year’s Maximum Pensionable …
The post A Summary About The New Second CPP Ceiling In 2024 appeared first on Dutton Employment Law.