The Government of Canada has announced that the YMPE for 2018 will be $55,900: https://www.canada.ca/en/revenue-age...mits-ympe.html
This means that the maximum employee contribution for 2018 will be $2,593.80 and the maximum CPP retirement pension for 2018 will be $1,134.17.
CPP maximums for 2018
-
- Contributor
- Posts: 397
- Joined: 04 Mar 2013 21:00
CPP maximums for 2018
DR Pensions Consulting (http://www.DRpensions.ca)
-
- Contributor
- Posts: 397
- Joined: 04 Mar 2013 21:00
Re: CPP maximums for 2018
Apparently the above link didn't work. Try this one.
https://www.canada.ca/en/revenue-agency ... -ympe.html
https://www.canada.ca/en/revenue-agency ... -ympe.html
DR Pensions Consulting (http://www.DRpensions.ca)
Re: CPP maximums for 2018
Thanks, Doug!Dogger1953 wrote: ↑04 Nov 2017 20:16 Apparently the above link didn't work. Try this one.
https://www.canada.ca/en/revenue-agency ... -ympe.html
As the corresponding numbers get published, please update the CPP benefit rate table.
finiki, the Canadian financial wiki
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]
-
- Contributor
- Posts: 397
- Joined: 04 Mar 2013 21:00
Re: CPP maximums for 2018
Yup, I've already submitted these numbers to my webmaster for updating the chart. It should happen soon, along with some of the other changes as a result of the "enhanced CPP", whereby the contribution rate increases from 2019 thru 2023 and the YAMPE starts in 2024.
DR Pensions Consulting (http://www.DRpensions.ca)