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|Canadian Payroll Reporter|Last Updated: 12/02/2014

CPP maximum pensionable earnings increasing in 2015

› OTTAWA — The maximum pensionable earnings for the Canada Pension Plan will increase to $53,600 from $52,500 in 2015, the Canada Revenue Agency (CRA) has announced.

The contribution rate will remain 4.95 per cent for both employers and employees. The basic exemption will remain $3,500.