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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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Canada and Greece Forge Partnership to Boost Tourism

In a significant step towards enhancing bilateral relations, Canada and Greece have signed a memorandum of understanding (MOU) to promote tourism between the two nations. The agreement, signed in Athens, underscores the importance of tourism in fostering economic growth, cultural exchange, and sustainable development.

The MOU focuses on institutional cooperation, the exchange of data and best practices, and the development of innovative tourism models. Both countries aim to address challenges such as climate change by sharing expertise and promoting sustainable tourism practices. The agreement also seeks to increase tourism flows, making it easier for Canadians and Greeks to explore each other's countries.

This partnership builds on the strong cultural and historical ties between the two nations, with nearly 300,000 Canadians of Greek origin and many Canadians living, working, and studying in Greece. The collaboration is expected to create new opportunities for tourism investment, education, and vocational training, benefiting both economies.

Canadian Minister of Export Promotion, Mary Ng, emphasized the economic and cultural benefits of the agreement, stating that it would strengthen ties and support prosperity for both nations. Greek Tourism Minister Olga Kefalogianni highlighted the commitment to a sustainable and innovative tourism model, reflecting shared values of democracy and cultural heritage.

This MOU marks a new chapter in Canada-Greece relations, showcasing the potential of tourism as a bridge between nations.

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