Starting in 2024, the government has raised the amount of income considered for a “full YMPE year”. Over two years, a 14% increase will be phased in. Basically this will force “upper middle income earners” to save more money via the CPP – but also receive a larger CPP payment upo...
the max CPP payout is substantial, not everyone gets it. The average CPP inOctober 2023was a much lower $758.32 per month. This is because not all people have contributed enough over their lifetimes to receive the full CPP payment, or because of scenarios such assurvivor or disability ...