Legislative roundup: Changes in payroll laws and regulations from across Canada

Personal tax rates unchanged by provinces • Provinces begin to release 2013 maximum accessible earnings • CRA announces maximum pensionable earnings
|Canadian Payroll Reporter|Last Updated: 11/21/2012

CANADA

CRA announces maximum pensionable earnings for 2013

The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2013 will be $51,100 — up from $50,100 in 2012, the Canada Revenue Agency announced.

The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada.