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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: February 10

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

You will get a lot of advice from friends and family members over the coming year but if you are smart you will ignore it all and follow your instincts instead. Deep down you already know what needs to be done, so let your inner voice guide you.

ARIES (March 21 - April 20):

For every problem there is a solution and your current dilemma will be easily resolved once you stop searching for reasons why your efforts are likely to fail. You’re an Aries. You’re supposed to be assertive and ambitious. So make it work!

TAURUS (April 21 - May 21):

The next few days are going to be hugely important for you, especially on the work front where if you put in the required time and energy the results will be amazing. Don’t get overly serious about your ambitions though – make time for fun as well.

GEMINI (May 22 - June 21):

If you are looking for ways to escape restrictions that are holding you back you will most likely find them over the next few days. You need to be aware, however, that some of those restrictions may be for your own good, so be sensible about it.

CANCER (June 22 - July 23):

The fact that you have so many choices now appears to be making life more complicated than it needs to be, so focus only on the objectives that mean the most to you. Move in the direction of your dreams a step at a time.

LEO (July 24 - Aug. 23):

If you are smart you will start the week at a slow and steady pace. You have pushed yourself hard in recent weeks and both physically and mentally you need to recharge your batteries. If you don’t, you could run out of steam altogether!

VIRGO (Aug. 24 - Sept. 23):

Do you continue with a project that is going to be tough on you both physically and mentally? Only you can make that decision but if it’s for a cause that is close to your heart you may regret it later on if you give it a miss now.

LIBRA (Sept. 24 - Oct. 23):

Fortune is smiling on you and at least one of your long-term dreams will come true over the next few days. The sun’s move through the most dynamic area of your chart won’t last forever though, so get moving and get it done.

SCORPIO (Oct. 24 - Nov. 22):

According to the planets you seem to have a guilty conscience about something you said or did in the recent past. You cannot go back and change things but you can make amends in some way. Have you thought about saying “sorry”?

SAGITTARIUS (Nov. 23 - Dec. 21):

The more you are on the move as the new week begins the more fun you will have. You will also get to know people whose friendship could be of benefit to you in the near future. Let them know who you are and what you can do.

CAPRICORN (Dec. 22 - Jan. 20):

Take time out of your busy schedule to question your priorities and, where necessary, make changes that will point you in the direction you know you should be going. Even a Capricorn can veer a bit off course occasionally – it’s really no big deal.

AQUARIUS (Jan. 21 - Feb. 19):

If there is something you want to see in your life now is the ideal time to work out a plan that can make it happen. The sun remains in your sign only until the 18th, so get a move on and act as if you cannot possibly fail.

PISCES (Feb. 20 - Mar. 20):

You may feel that your ideas are not being taken seriously by loved ones and colleagues but a week or so from now there will be a marked improvement in other people’s attitudes, so there is no need to get uptight about it. Be patient.

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