Canada Revenue Agency announces maximum pensionable earnings for 2020
The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2020 will be $58,700—up from $57,400 in 2019. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada.
Original Article Source Credits: Canada.ca , https://www.canada.ca/
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Original Article Posted on : 2019-11-01