There is no “official” inflation but CPP rates are on the rise in 2012.
Thursday, November 17th, 2011
The Canada Revenue Agency (CRA) recently announced that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2012 will be $50,100 — up from $48,300 in 2011 (up 4%). The basic exemption amount for 2012 remains $3,500 (this is a perfect example of bracket creep). The employee and employer contribution rates for 2012 [...]
CPP changes will result in increased employer costs in 2012!
Tuesday, September 6th, 2011
As of January 1, 2012 employers will be required to deduct CPP contributions from pensionable earnings of workers who are: • 60 to 65 years of age; • 65 to 70 years of age, unless the employee files an election with the CRA and his/her employer to stop paying CPP contributions (using form CPT30, Election [...]
