CPP2

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Another Changes to CPP Payments in 2024

Canada Revenue Agency announced a maximum pensionable earnings for 2024 will be $68,500. Beginning January 1, 2024, the Canada Pension Plan (CPP) will embark on a transformative journey, introducing substantial changes that will reshape the landscape of pension contributions. The centerpiece of this evolution is the inauguration of a second tier, aptly named second additional CPP contributions (CPP2). This innovative…