Global

Details

  • Service: Tax, International Executive Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 11/7/2013

Canada - Pension contribution rates for 2014 

November 7:  The Canada Revenue Agency announced that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 will increase to $52,500* (from $51,100).

As a result, the maximum employee CPP contribution for 2014 will increase to $2,425.50 (from $2,356.20), representing an increase of about 3% over 2013.


*$=Canadian dollar


Read a November 2013 report prepared by the KPMG member firm in Canada: CPP Maximum Contribution Rates Increase by 3% for 2014




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