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

Canada Post Strike Enters Day 29: No End in Sight as Negotiations Stall


As the Canada Post strike reaches its 29th day, tensions remain high with no apparent resolution in sight. The Canadian Union of Postal Workers (CUPW) and Canada Post continue to be at odds over key issues such as wages, job security, and staffing for proposed weekend deliveries. 

Despite ongoing criticisms from both sides, federal mediation remains paused since late November, and there are no immediate plans to restart it. The federal labour minister has also resisted calls for government intervention, insisting that the two parties must reach an agreement independently.

This week, however, saw a small victory for the union as a mediated settlement was reached regarding a complaint over temporary layoffs during the strike. Canada Post has agreed to notify affected employees that they are not on a temporary layoff.

With Christmas fast approaching, the pressure is mounting on both sides to find a resolution soon. The strike, which involves over 55,000 workers, has already caused significant disruptions, and the public is growing increasingly concerned about the impact on holiday deliveries.

As negotiations continue, the hope is that both parties can come to an agreement that addresses their concerns and allows postal services to resume normal operations. Until then, Canadians are left waiting and hoping for a swift resolution.




Labels:

Comments

Post a Comment