CPP CONTRIBUTIONS ARE GOING UP FOR MIDDLE INCOME EARNERS

Jan 01, 2024

By Kathy Hyde

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Middle income earners can expect to see more of their paycheque go towards Canada Pension Plan contributions this new year.

 

CPP now has a new, second earnings ceiling for Canadian workers earning more than $68-thousand-500 a year.

The change is part of a broader pension revamp that began in 2019 to ensure workers receive higher benefits in retirement.

 

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