Each year, the federal government sets the year’s maximum pensionable earnings (ympe). This new limit, known as.
Ei premium rates and maximum. A ympe for 2025 of $71,200 represents an increase of 3.9% compared to the current ympe that is in effect for 2024 ($68,500).
The Following Information Is Needed For Completing The Yearend Reports And For The 2024 Payroll Year.
Each year, the federal government sets the year’s maximum pensionable earnings (ympe).
This Is The Maximum Salary Amount On Which You Need To Contribute To The Canada.
A ympe for 2025 of $71,200 represents an increase of 3.9% compared to the current ympe that is in effect for 2024 ($68,500).
Images References :
Each Year, The Federal Government Sets The Year’s Maximum Pensionable Earnings (Ympe).
As per canada pension plan regulations subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings between the year’s maximum.
As Of January 1, 2024, The Final Phase Of The Cpp Enhancement Took Effect.