maximum pensionable earnings – Benefits Canada.com https://www.benefitscanada.com Canada's most influential pension and benefits publication for decision-makers Fri, 26 Apr 2024 20:02:31 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Changes to CPP, QPP deductions taking effect this month https://www.benefitscanada.com/pensions/governance-law/changes-to-cpp-qpp-deductions-taking-effect-this-month/ Tue, 02 Jan 2024 20:00:01 +0000 https://www.benefitscanada.com/?p=149558 Middle-income earners will start seeing a larger portion of their paycheques going toward their Canada Pension Plan contributions as of Jan. 1. A broader pension revamp began in 2019, as both the Quebec Pension Plan and CPP began phasing in enhanced benefits intended to provide more financial support for Canadians after they retire. So far, individual contributions  — and the employer’s […]

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]]> Top 5 HR, benefits, pension and investment stories of the week https://www.benefitscanada.com/news/bencan/top-5-hr-benefits-pension-and-investment-stories-of-the-week-60/ Fri, 10 Nov 2023 14:00:23 +0000 https://www.benefitscanada.com/?p=146827 An article on Fidelity Canada’s win in the Future of work strategy category at Benefits Canada‘s 2023 Workplace Benefits Awards was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Fidelity Canada wins award for focusing on flexibility amid return-to-office rollout 2. CPP maximum pensionable earnings increasing to $68,500 […]

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]]> CPP maximum pensionable earnings increasing to $68,500 in 2024 https://www.benefitscanada.com/pensions/governance-law/cpp-maximum-pensionable-earnings-increasing-to-68500-in-2024/ Wed, 08 Nov 2023 14:00:42 +0000 https://www.benefitscanada.com/?p=146705 The maximum pensionable earnings under the Canada Pension Plan is increasing to $68,500 in 2024, up from $66,600 in 2023. The employee and employer contribution rates for 2024 will remain at 5.95 per cent and the maximum contribution will be $3,867.50 each, up from $3,754.45 in 2023. The self-employed contribution rate will remain at 11.9 […]

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]]> Newfoundland and Labrador arbitrator rules pension grievance can proceed despite late filing, citing ‘culture of acquiescence’ https://www.benefitscanada.com/pensions/governance-law/newfoundland-and-labrador-arbitrator-rules-pension-grievance-can-proceed-despite-late-filing-citing-culture-of-acquiescence/ Thu, 07 Sep 2023 13:00:45 +0000 https://www.benefitscanada.com/?p=143088 An arbitrator has ruled that a pension grievance filed seven years beyond a collective agreement’s time limit could proceed because of the employer’s “culture of acquiescence” regarding enforcement of the limit. “The message to employers is that if they get in the habit of letting time limits slide, their lack of adherence can come back […]

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]]> Maximum pensionable earnings under CPP to rise in 2020 https://www.benefitscanada.com/news/bencan/maximum-pensionable-earnings-under-cpp-to-rise-in-2020/ https://www.benefitscanada.com/news/bencan/maximum-pensionable-earnings-under-cpp-to-rise-in-2020/#respond Mon, 04 Nov 2019 05:45:17 +0000 https://cumulus.benefitscanada.com/uncategorized/maximum-pensionable-earnings-under-cpp-to-rise-in-2020/ Maximum pensionable earnings under the Canada Pension Plan are rising from $57,400 to $58,700 for 2020. The increase takes into account the growth in average weekly wages and salaries in Canada, according to a press release. The basic exemption amount, at $3,500, will remain unchanged for 2020. Read: Feds update appeals process for EI, CPP and OAS Meanwhile, […]

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