Skip to main content

Featured

Reaching Your CPP Contribution Maximum: What Workers Need to Know

  Understanding when you’ve hit the Canada Pension Plan (CPP) maximum contribution for the year can save you confusion—and help you make sense of your paycheques as the year goes on. The CPP is designed with an annual limit, meaning once you’ve contributed the maximum required amount, no further CPP deductions should come off your income for the rest of that calendar year. How CPP Contributions Work CPP contributions are based on: Your employment income The year’s maximum pensionable earnings (YMPE) The CPP contribution rate Each year, the federal government sets: A maximum amount of income on which CPP contributions apply (the YMPE) The maximum total contribution you and your employer must make Once your income reaches that threshold, your contributions stop automatically. How to Know You’ve Reached the Maximum Here are the simplest ways to tell: Check your pay stub Your pay stub shows year‑to‑date CPP contributions. Compare this number to the annual maximum ...
Post a Comment
Read more

article

Labels

Luxury Superyacht Sinks Off Italy Coast: Search Resumes for Missing Passengers

 

Rescue teams and divers are intensifying their efforts to locate six missing passengers after a luxury superyacht sank during a violent storm off the coast of Sicily. The yacht, named the Bayesian, was carrying 22 people when it capsized. Here’s what we know:

  • The Missing:
    • Mike Lynch: A British tech magnate, often referred to as “Britain’s Bill Gates.”
    • Jonathan Bloomer: Chairman of Morgan Stanley International.
    • Chris Morvillo: A lawyer from Clifford Chance.
    • Others: The missing also include Lynch’s daughter and the wives of Bloomer and Morvillo.
  • Rescue Challenges:
    • The yacht lies approximately 164 feet underwater, complicating the search.
    • Divers are working in 12-minute shifts due to the depth.
    • Obstructions inside the wreck hinder navigation.
  • Survivors:
    • Fifteen people were rescued by nearby boats and brought ashore.
    • Lynch’s wife and 14 others survived.
    • Tragically, one person lost their life.

The incident has sent shockwaves through the maritime community, leaving many hoping for a successful rescue operation. Our thoughts are with the families of the missing passengers during this difficult time.


Labels:

Comments

Post a Comment