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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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Tariff Shock Ripples: TSX Futures Plunge as Global Markets Sell Off


TSX futures joined a broader global selloff on Monday after U.S. President Donald Trump announced new tariffs on imports from Canada, Mexico, and China, set to take effect Tuesday. The measures include a 25% levy on most Canadian goods—with energy products facing a lower 10% rate—and have spurred widespread investor anxiety about the potential for a full-blown trade war.

Early trading saw March futures on the S&P/TSX index drop by about 1.3%, as markets reacted swiftly to the news. The tariffs have unsettled investors, prompting a flight to safer assets such as the U.S. dollar and U.S. Treasuries, while equity positions were pared off amid fears that the tariffs could lead to higher inflation and slower economic growth. Global indices from Europe to Asia have also been pressured, with significant selloffs in major markets.

In response to Trump’s announcement, Canadian Prime Minister Justin Trudeau has vowed swift retaliatory measures, unveiling plans for tariffs on roughly C$155 billion worth of U.S. goods. The escalation in trade tensions is likely to disrupt supply chains further, affecting sectors from automotive to energy, and could even pave the way for prolonged economic uncertainty.

Amid the turmoil, some corporate activity continues to move forward. For example, Brookfield Asset Management recently completed a $1.7 billion acquisition in the electric heat trace systems sector—a sign that while markets are volatile, business fundamentals continue to drive major transactions.

As investors digest the unfolding trade conflict, many caution that further tariff escalations could lead to a cascade of economic challenges, including increased consumer prices and potential recessions in affected regions.

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