2024 Cpp Rates And Maximums

2024 Cpp Rates And Maximums. If you earn more than this and claim ei, your benefits will be based on. Beginning january 1, 2024, you must deduct the second additional cpp contributions (cpp2) on earnings above the annual maximum pensionable earnings using the.

Here’s a graph of the cpp maximums for the 8 years since the liberal government has been in power: Employee and employer cpp contribution rates for 2024 remain at 5.95%, and the maximum contribution will be $3,867.50 each—up from $3,754.45 in 2023.