Canada Releases Ceilings and Rates for Pension Contribution for 2014

SUNNYVALE, Calif. - Dec. 17, 2013 - PRLog -- The Canadian government has announced an increase in the maximum pensionable earnings under the Canadian Pension Plan (CPP). The rate for 2014 will increase by about 3 percent from $51,100 to $52,500 (CAD), reports Nair & Co.’s International HR (http://www.nair-co.com/global-hr-services.aspx) Team.

Thus, highest employee contributions under the Canada Pension Plan (CPP) will also increase by about 3 percent to $2,425.50 from the previous $2,356.20.

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