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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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Trump Delays Tariffs on Canada and Mexico to April 2

 

In a recent announcement, U.S. President Donald Trump has postponed the implementation of 25% tariffs on imports from Canada and Mexico to April 2. This decision comes after an initial deadline of March 4 was set earlier this month. The delay was revealed during Trump's first cabinet meeting, where he mentioned his superstition about starting the tariffs on April 1.

The tariffs, which target non-energy goods from Canada and various imports from Mexico, have been a point of contention between the U.S. and its neighboring countries. Canadian officials and premiers have been actively engaging with the Trump administration in an attempt to negotiate a resolution.

The announcement has led to fluctuations in the value of the Canadian dollar and Mexican peso, reflecting the uncertainty surrounding the trade policies. As the new deadline approaches, the focus will be on how Canada and Mexico respond to the U.S. demands and whether further delays or adjustments will be made.



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