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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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Final Ceasefire Draft Presented to Israel and Hamas After Breakthrough in Doha

 


Mediators have presented Israel and Hamas with a final draft of a ceasefire deal aimed at ending the war in Gaza, following a breakthrough in negotiations held in Doha. The draft, which includes provisions for the release of hostages and a cessation of hostilities, was handed over after midnight talks involving Israel's spy chiefs, President-elect Trump's Middle East envoy, and Qatar’s prime minister.

The negotiations, which have been ongoing for over a year with the involvement of the United States, Qatar, and Egypt, reached a pivotal moment early Monday. U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu discussed the urgent need for a ceasefire and the release of hostages in a recent phone call.

While both sides have yet to confirm the final draft, officials have described the progress as promising. The next 24 hours are seen as crucial to sealing the deal before President Biden leaves office.

The war in Gaza, which began in October 2023, has resulted in significant casualties and a humanitarian crisis. The proposed ceasefire aims to address these issues and pave the way for a lasting peace.





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