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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 ...

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Your lookahead horoscope: September 1, 2024

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

The influence of Uranus on your birthday is likely to lead to some disruption over the coming year but it will also encourage you to embrace solutions that might previously have been too scary for you. What have you got to lose, apart from your fears?

ARIES (March 21 - April 20):

You need to open up a bit and put your feelings into words. It’s not a sign of weakness to let other people know of your worries, it’s a sign of strength and also a recognition that some issues are best faced with people you love by your side.

TAURUS (April 21 - May 21):

There is magic in the air and deep down you know that whatever you wish for will somehow be granted. With the universe on your side there is no reason why you should hold back – whatever you are working on you must give it 100 per cent.

GEMINI (May 22 - June 21):

Don’t be taken in by people who promise what they may not be in a position to deliver. Chances are they are trying to play on your desire to make a name for yourself so they can enrich themselves. They need you but you don’t need them.

CANCER (June 22 - July 23):

Let others know what it is you want and they will go out of their way to get it for you. You must, however, make sure that what you ask for is going to be good for you, because you won’t be able to hand it back later on.

LEO (July 24 - Aug. 23):

The message of the stars now is that you need to update your methods and not rely so much on the old ways of doing things. It’s not always easy embracing new theories and technologies but if you don’t you may find yourself falling behind.

VIRGO (Aug. 24 - Sept. 23):

You have a tendency to act within a narrow band of what you believe to be acceptable behaviour but the planets indicate this is a good time to break out of your self-imposed limitations. Do something a bit more adventurous this week.


LIBRA (Sept. 24 - Oct. 23):

Like it or not a family member is committed to a certain course of action and you must offer them your support even if you have doubts. According to the planets they know what they are doing and will do it regardless of your opinions.

SCORPIO (Oct. 24 - Nov. 22):

Forget about your everyday cares for a while and let your mind wander wherever it pleases. A little bit of daydreaming never hurt anyone and on this occasion might actually do you some good. One of those daydreams could make you some serious money.

SAGITTARIUS (Nov. 23 - Dec. 21):

Not everyone looks at life through the same lens as you, so try to accept that partners and loved ones and colleagues won’t always accept your suggestions or follow your lead. It’s not in the least bit personal, so don’t go off in a sulk .


CAPRICORN (Dec. 22 - Jan. 20):

As Pluto, planet of passion, moves back into your sign the intensity of your emotions may take you by surprise over the next two or three days. You need to keep a lid on your feelings but you also need to find a constructive outlet for them.

AQUARIUS (Jan. 21 - Feb. 19):

Having made a snap decision about something you now realize was probably the wrong thing to do, but it may not be possible to turn back the clock, at least not for a while. Sometimes you just have to live with the consequences of your choices.

PISCES (Feb. 20 - Mar. 20):

The best way to get back into a loved one’s good books is by doing something you know they will appreciate. It doesn’t have to be anything big but it must have meaning and you must make it clear that it genuinely comes from the heart.

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