CPP enhancement aims to take the percentage of your income covered by the benefits to one-third. So, if you earn $60,000 per year, you’d have gotten approximately $15,000 per year under the old system ...

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The CPP enhancement will take the maximum pensionable earnings threshold to $81,000. Additionally, CPP premiums were increased from 5.1% to 5.9% of income between 2019 and 2023.

This sentence from Michel Leduc of the Canada Pension Plan Investment Board earlier this week sticks: “A province that accounts for only 16 per cent of total contributions can’t legally ...

The CPP amount depends on the age a person starts their pension, their CPP contribution and their average earnings. For this year, the maximum monthly amount of the CPP retirement pension is set ...