*It’s important to understand right off the bat that the CPP payment number that you “could” receive – as stated on the CPP Statement of Contribution – is almost useless. There are so many assumptions that go into that number that it’s not a reliable predictor. (You’d be better ...
For anyone who earned more than the maximum annual pensionable earnings in 2024 of $68,500, there is a second contribution rate known asCPP2. If that’s you, you’ll pay the “first CPP” rate of 5.95%, and an additional CPP2 rate of 4% for employers and employees, up to a maximu...