Most CPP users receive the average pension but have ways to boost their retirement income. The post Want the Maximum ...

Each year, most income tax and benefit amounts are indexed to inflation. The CRA announced that the inflation rate that will ...

While taking CPP early can greatly reduce your benefits, there are financial and personal reasons why it might still make ...

Employee and employer CPP contribution rates for 2025 remain at 5.95% and the maximum contribution will be $4,034.10 each, up from $3,867.50 in 2024. Self-employed individuals pay both the employee ...

As a result of enhancement, the CPP board projects it will be able to increase benefits from 25% of an average pensioner’s working income to 33%. Reason #3: The maximum amount of CPP you can ...

In 2024, your maximum monthly CPP amount if you start your pension at 65 is $1,364.60. The average amount paid each month for a new retirement pension at age 65 in April 2024 was $816.52.

The YAMPE is used to determine second additional Canada Pension Plan contributions (CPP2). In 2024, the YAMPE is approximately 7% above the Year’s Maximum Pensionable Earnings (YMPE). In 2025 and ...

The Canada Revenue Agency (CRA) is set to release the next Canada Pension Plan (CPP) payments on November 27th, 2024.

Click on this infographic for information about employees and the 2025 CPP changes. Miguel is considered a higher-income earner because their annual income is higher than the amount of the Year’s ...

Ottawa says the amount of your payment depends on different factors, such as the age at which you decided to start your pension, how much and for how long you contributed to the CPP, and your average ...