New Matching Contributions Alert: CPP2 & QPP2 Explained!

Starting this year, a secondary contribution system, CPP2 and QPP2, will be launched for employees surpassing the Year’s Maximum Pensionable Earnings (YMPE). Employers are required to match these additional contributions to strengthen retirement pensions through this initiative. In addition to the current YMPE, a crucial component is the Year’s Additional Maximum Pensionable Earnings (YAMPE). If…

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