Tag: Service Canada
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Understanding CPP contributions and the general drop‑out provision: when you reach the maximum pension contributions
How much you contribute to the Canada Pension Plan (CPP) and when you reach the maximum can be confusing. This guide explains CPP contribution basics, what the “maximum pensionable earnings” means, and how the general drop‑out provision affects the calculation of your CPP retirement pension. It also offers practical steps to estimate your own situation…
