Canada Pension Plan – What’s new in 2024
- Natesh Pillai
- Jan 7, 2024
- 1 min read
Here’s what’s changing for the Canada Pension Plan (CPP) in 2024:
For information on the changes to maximum pensionable earnings visit CPP contribution rates, maximums and exemptions – Calculate payroll deductions and contributions; for information on the second earnings ceiling visit Second additional CPP (CPP2) contribution rates and maximums – Calculate payroll deductions and contributions; for information on employee CPP and CPP2 contribution rates for 2024 visit Calculate second additional CPP contributions (CPP2) deductions
There are new T4 boxes for both CPP and Quebec Pension Plan (QPP) for the new contributions that begin in 2024. For more information on these reporting obligations visit T4 slip Information for employers
For information on what you need to do for the 2024 CPP changes visit canada.ca/cpp-enhancement and Calculate second additional CPP contributions (CPP2) deductions - Canada.ca
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