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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 daily horoscope: November 30, 2024

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Changes will come thick and fast over the next 12 months but at no time will you feel it is getting too much for you. Dig deep into your reserves of courage and confidence and remind the world how tough you can be.

ARIES (March 21 - April 20):

Try to take a more laid-back approach to your problems. They may seem significant today but will you care about them a year, five years or 10 years into the future? Probably not, so why care about them so much now?

TAURUS (April 21 - May 21):

It will pay you to be on your guard this weekend because the planets warn that someone you have dealings with may try to cheat you out of what you are owed. Keep essential facts and figures in front of you at all times.

GEMINI (May 22 - June 21):

You may as well give up the struggle and do what partners and loved ones want you to do. This is one of those occasions when a limited loss of personal freedom is a small price to pay for harmony at home.

CANCER (June 22 - July 23):

Not everyone will approve of your methods over the next 48 hours but that won’t bother you in the slightest. All that matters is that the choices you make bring the results you are looking for, so keep doing it your way.

LEO (July 24 - Aug. 23):

The new moon in the most dynamic and creative area of your chart will boost both your confidence and your energy levels this weekend. An artistic project begun now will yield truly amazing results in the not too distant future.

VIRGO (Aug. 24 - Sept. 23):

Strive to be positive about what you have to do this weekend, even though you can think of a dozen reasons why you would prefer to be doing something else. Important people are unlikely to be amused if you let them down.

LIBRA (Sept. 24 - Oct. 23):

Forget about finishing minor tasks that no longer matter and focus on getting out into the world and having fun with your friends. You are a sociable creature by nature and are at your best when surrounded by like-minded people.

SCORPIO (Oct. 24 - Nov. 22):

Money problems of one sort or another have got you down of late but this weekend’s new moon will point the way ahead and make it easy for you to pay off your debts. Next time, don’t splash the cash on things you don’t need!

SAGITTARIUS (Nov. 23 - Dec. 21):

A new start is both possible and desirable and what you begin over the next 48 hours has the potential not only to change your life for the better but to transform it in fundamental ways. Aim high and then go higher still.

CAPRICORN (Dec. 22 - Jan. 20):

Whatever doubts you have about a personal matter you must keep them hidden from the world at large. While mind planet Mercury is moving retrograde there is a real danger you could give away information that needs to remain a secret.

AQUARIUS (Jan. 21 - Feb. 19):

You are focusing too much on an issue that started out small but has rapidly grown into a bit of a challenge. You are under no obligation to resolve the matter yourself, so stand back and let others make the tough decisions.

PISCES (Feb. 20 - Mar. 20):

What you should be aiming to do now is to improve your standing in the world, especially on the work front where your talents may be going to waste. A change of direction in your career is definitely worth thinking about.

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