Skip to main content

Featured

Your daily horoscope: February 11, 2026

  IF TODAY IS YOUR BIRTHDAY Creative activities of all kinds are under excellent stars on your birthday, so decide what it is you most want to work on, then put your heart and soul into it. Something that exists inside of you will very soon exist on the outside as well. ARIES (March 21 - April 20): You may be entitled to get tough with someone who has let you down yet again but will they learn from the experience? A better approach might be to just cut them out of your life as quickly as you can. Don’t waste time on them. TAURUS (April 21 - May 21): You may be one of the zodiac’s more focused types but you are not incapable of seeing the bigger picture and what happens today will make it easy for you to work out what’s been going on. After that you must do something about it. GEMINI (May 22 - June 21): An unexpected event will work in your favour today and while others are bemoaning their luck you will be delighted that the universe is on your side. But if you want it to stay on yo...
Post a Comment
Read more

article

Labels

New CPP rules mean higher deductions and benefits for Canadians



Starting Monday, Canadians will see a change in their paycheques as the Canada Pension Plan (CPP) introduces a new earnings ceiling for higher-income earners.

The new ceiling, which applies to anyone earning more than $68,500 in 2024, is part of a broader pension revamp that began in 2019. The goal is to provide more financial support for Canadians after they retire, by increasing both the contributions and the benefits of the CPP.

Under the new rules, workers and employers will pay an additional four per cent on the amount they earn between $68,500 and $73,200. This means a maximum of $188 more in payroll deductions for 2024. Self-employed people will pay both portions, or eight per cent.

The trade-off is that Canadians will eventually receive higher payouts once they start collecting their pensions. The enhanced CPP is designed to replace one-third of a person’s eligible income, up from one-quarter under the old system.

The full effects of the CPP changes will take decades to materialize, so the youngest workers stand to gain the most. People retiring 40 years from now will see their income go up by more than 50 per cent compared to the current pension beneficiaries.

The CPP changes do not affect the eligibility criteria for retirement pension, post-retirement benefits, disability pension and survivor’s pension.


-

Labels:

Comments

Post a Comment