2024 CPP & EI Rates – Changes For The New Year
On November 1, 2023, the Government of Canada announced changes to contributions for both Canada Pension Plan (CPP) and Employment Insurance (EI) for the 2024 calendar year. The changes in how CPP is treated on a personal tax return (which began in 2019) mean that of the $3,867.50 of normal max contribution, $631.00 will be...