Maximum pensionable earnings are increasing in 2018.
The CRA recently announced that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2018 will increase to $55,900 (from $55,300). As a result, the maximum employee CPP contribution for 2018 will increase to $2,593.80 (from $2,564.10).
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Information is current to November 07, 2017. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500