CPP maximums for 2018

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Dogger1953
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CPP maximums for 2018

Post by Dogger1953 » 04 Nov 2017 20:13

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.
DR Pensions Consulting (http://www.DRpensions.ca)

Dogger1953
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Re: CPP maximums for 2018

Post by Dogger1953 » 04 Nov 2017 20:16

Apparently the above link didn't work. Try this one.
https://www.canada.ca/en/revenue-agency ... -ympe.html
DR Pensions Consulting (http://www.DRpensions.ca)

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adrian2
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Re: CPP maximums for 2018

Post by adrian2 » 05 Nov 2017 07:18

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
Thanks, Doug!

As the corresponding numbers get published, please update the CPP benefit rate table.
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Dogger1953
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Re: CPP maximums for 2018

Post by Dogger1953 » 05 Nov 2017 10:49

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)

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