2024 Canada Pension Increase: Timing and Increment Details

The Canada Revenue Agency (CRA) has announced significant updates for the Canada Pension Increase in 2024. Notably, the Maximum Pensionable Earnings (MPE) for the Canada Pension Plan (CPP) will increase to CAD 68,500 from the 2023 level of CAD 66,600, starting January 1, 2024. This change allows Canadians to contribute more towards securing their retirement. … Read more