CRA: Maximum Pensionable Earnings for 2010
|
| Posted
:
Tue, 03 Nov 2009 15:35:17 GMT |
| Author
:
Canada Revenue Agency |
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
|
|
|
|
OTTAWA, ONTARIO -- 11/03/09 --
The Canada Revenue Agency (CRA) announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2010 will be $47,200-up from $46,300 in 2009. 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.
Contributors who earn more than $47,200 in 2010 are not required or permitted to make additional contributions to the CPP.
The basic exemption amount for 2010 remains $3,500. Individuals who earn less than that amount do not need to contribute to the CPP.
The employee and employer contribution rates for 2010 will remain unchanged at 4.95%, and the self-employed contribution rate will remain unchanged at 9.9%.
The maximum employer and employee contribution to the plan for 2010 will be $2,163.15, and the maximum self-employed contribution will be $4,326.30. The maximums in 2009 were $2,118.60 and $4,237.20.
Contacts:
Media Relations
Noel Carisse
613-952-9184
|
Copyright © 2008
Market Wire. All
rights reserved.
|
|
|
|
|
Related
News
Get Moving Catalog Launches DiabetesMiami.Com, A Fundraising Initiative with the American Diabetes Association of Southeast Florida.
(EMAILWIRE.COM, November 22, 2009 ) Miami, Florida - As charities and non-profits struggle in difficult economic times, many are seeking new approaches to improve their fundraising efforts. In that vein, the American Diabetes Association of Southeas..
StockSource.us Reports Green Energy Stock to Explode
(EMAILWIRE.COM, November 22, 2009 ) Del Mar, CA – The Environmental Protection Agency reports one of the biggest challenges facing livestock producers is managing manure and process water in a way that protects environmental quality and controls odo..
LiquidStockReport.com - Green Energy Live provides Engineering Assistance.
(EMAILWIRE.COM, November 22, 2009 ) Del Mar, CA - Being a leader in the biomass-to-ethanol industry and a provider of complete equipment packages for biomass energy systems, Green Energy Live provides engineering assistance, assists customers in appl..
GOOD MORNING -- November 22, 2009
This is PR NEWSWIRE -- transmitting news releases, advisories and
other information to the news media around the United States since
1954.
If you have questions regarding your PRN teleprinter, your PRN computer
service, or if you wish to arrange to receive P...
iRateMyDate iPhone App Launches in the iTunes store
November 23rd marks the release of a new iPhone dating app for single men and women. iRateMyDate is designed to help singles Manage, Rate and Compare their dates. Single men and women have been known to have a mental checklist of qualities they are looking for in a date or mate and the iRateM...
ArchAngel Partners Announces the Opening of Sister Company Poway Weapons & Gear
SAN DIEGO, Nov. 22 /PRNewswire/ -- ArchAngel Partners Inc., a prominent executive protection and security consultation firm, serving elite celebrity clients and business professionals nationwide, announces the opening of its sister company Poway Weapons & Gear.
...
The Walt Disney Company China Announces Local Adaptation 'Disney High School Musical: China'
BURBANK, Calif. and SHANGHAI, Nov. 22 -- The Walt Disney Company in China today announced the start of production on its third local co-production project in just two years, "Disney High School Musical: China." Working with local partners Sha...
|
|
|
|
|
|
|
|
|
