2024 Cpp Rates And Maximums. In 2024, it’s $73,200, and it will increase by approximately 14% in 2025. It is called cpp2, an enhancement to cpp (according to the government).
In this article, we’ll cover everything you need to know about cpp and ei rates in canada, including cpp contribution rates, maximums, and exemptions in 2024. Beginning january 1, 2024, you must deduct the second additional cpp contributions (cpp2) on earnings above the annual maximum pensionable earnings using the.
