The maximum pensionable, or taxable, wages for Canada Pension Plan contributions will increase in 2025, while contribution rates will be unchanged, the Canada Revenue Agency said Nov. 1.
The lower of the two wage thresholds, the maximum pensionable earnings, will increase to C$71,300 (US$51,308.07), up from C$68,500, the CRA said in a news release. The contribution rate on wages up to the maximum pensionable earnings is 5.95% for both employers and employees, unchanged from 2024, the CRA said.
The higher threshold, the additional maximum pensionable earnings, will increase to C$81,200, from C$73,200, the CRA said. Wages of more than ...
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