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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 5

              

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Aquarius is one of the zodiac’s fixed signs, which means you don’t change your ways often. This year, however, you must learn to be more adaptable, especially where new technology and new techniques are concerned. Don’t get stuck in the past.

ARIES (March 21 - April 20):

You must resist going to extremes over the next 24 hours, because if you allow the overly assertive side of your nature to take over you will almost certainly provoke a backlash. Venus in your sign should make it easier to avoid excessive behaviour.

TAURUS (April 21 - May 21):

Uranus in your sign means you will enjoy shocking people by saying and doing things that seem to be at odds with your easygoing nature. Just remember that while it may be a huge joke to you not everyone will be amused by your antics.

GEMINI (May 22 - June 21):

Although an upheaval of some kind is likely today it won’t be too traumatic and may even lead to you seeing there are better ways of doing things both at home and at work. Keep your wits about you and find ways to benefit from all situations.

CANCER (June 22 - July 23):

Your work situation has been a bit challenging of late but as Venus moves deeper into the career area of your chart you will find that you react less to setbacks and provocation. Life is supposed to be fun and there will always be reasons to smile.

LEO (July 24 - Aug. 23):

Because you want to spice things up a bit you may be tempted to do something outrageous today but you really must think before you act. If you go too far you could upset someone in a position of power and that won’t be good for your career!

VIRGO (Aug. 24 - Sept. 23):

Opportunities to move up in the world will come thick and fast over the next few days but you must be aware of your limits and you must be brave and say “No” if others try to push you too hard. Be true to who you really are.

LIBRA (Sept. 24 - Oct. 23):

You can sense that great things are going to happen and that you will be at the centre of things. As one of the zodiac’s cardinal signs your destiny is to be a doer rather than a watcher, so seize the moment and make things happen.

SCORPIO (Oct. 24 - Nov. 22):

You may be sad that something important has gone out of your life but you can already see signs that something even better will be coming in soon to replace it. What occurs over the next 24 hours will revive your passion for adventure.

SAGITTARIUS (Nov. 23 - Dec. 21):

Everything seems to be going so well for you at the moment that you may be wondering if there is some sort of catch. Don’t worry, there is no reason to believe that the universe is playing tricks on you. It really is all good!


CAPRICORN (Dec. 22 - Jan. 20):

If someone you live or work with tries to play on your emotions today you must make it clear that you have no intention of losing your cool. If they want to play silly games that’s up to them but you’re in one of your serious moods.

AQUARIUS (Jan. 21 - Feb. 19):

You must keep family matters and work issues well away from each other today. If you allow one to influence the other, even in small ways, the situation could get very confusing very quickly. Sometimes you have to compartmentalize your life.

PISCES (Feb. 20 - Mar. 20):

You will want to stir the pot a bit today, especially when dealing with people you know can be super touchy. Have fun by all means but don’t wind them up to such an extent that you lose their friendship when they find out what your game is

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