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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: March 7, 2025

 

HOROSCOPES IF TODAY IS YOUR BIRTHDAY

Do you follow a path that has been used by many people before you or do you let the adventurous side of your nature come to the fore and blaze your own trail? Make it the latter. There is no better time than now to be a pioneer.

ARIES (March 21 - April 20):

If you deny yourself something today you will only want more of it tomorrow, so you might as well enjoy it without feeling guilty. Venus in your sign means you have a taste for the good things in life – and there is nothing wrong with that.

TAURUS (April 21 - May 21):

If something goes wrong in your neighbourhood today you probably won’t pay much attention as it doesn’t affect you directly. That could be a mistake though as errors in one place have a tendency to ripple out in all directions. Watch your step.

GEMINI (May 22 - June 21):

Chores you would prefer to avoid will take up a large slice of your time and energy today but there is no getting away from them, so make the best of the situation and show whoever may be watching that you are always the complete professional.

CANCER (June 22 - July 23):

The more you try to convince others that your point of view is the right point of view the less inclined they will be to believe you. Do what you feel comfortable with today and let friends and loved ones follow their own philosophy of life.

LEO (July 24 - Aug. 23):

The sun in the wealth area of your chart, alongside Saturn and Neptune, means that a more imaginative approach to making money could pay off in a very big way. Don’t limit yourself to how things were done in the past – invent new ways of thinking.

VIRGO (Aug. 24 - Sept. 23):

Be careful what you say to other people today because if they detect even the slightest touch of negativity in your voice they will reject what it is you’re proposing. Act as if you believe in who you are and what you are doing 100 per cent.

LIBRA (Sept. 24 - Oct. 23):

The only way you are going to get past your fears is by confronting them head on. Make that your No. 1 aim today and don’t doubt for even a moment that you have what it takes to turn your life around – not that you’ll need to turn far.

SCORPIO (Oct. 24 - Nov. 22):

Do something that you enjoy today, something that not only brings a smile to your face but also to the faces of those you meet along the way. If you are having fun then friends, colleagues and even strangers will feel entitled to have fun as well.

SAGITTARIUS (Nov. 23 - Dec. 21):

The fact that you trusted someone to make a positive contribution to a joint task clearly hasn’t paid off, but there is no need to get angry about it. As is so often the case, if you want something done properly you will have to do it yourself.


CAPRICORN (Dec. 22 - Jan. 20):

There is no point making a big deal about minor setbacks. Not only is it a waste of time and energy but your limited focus means you could be missing out on something of far more importance. Learn to ignore the small bumps on life’s highway.

AQUARIUS (Jan. 21 - Feb. 19):

If you want to get out and about and enjoy yourself today then by all means do so, but keep your spending in check. You may not be the sort to let money run your life but it could ruin it if you flash the cash excessively.

PISCES (Feb. 20 - Mar. 20):

The benefits of a new discovery may be self-evident to you but some of your friends cannot get their heads around what it might do for them. Take time out of your busy schedule to explain why it really is the next big thing.

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