CFIB calls for freeze on Canada Pension Plan premiums set to rise on Jan. 1


 

In 2021, the employer’s contribution rate for the CPP is scheduled to rise to 5.45% of an employee’s pensionable earnings, up from 5.25% this year. Annual contributions will be capped at $3,116.45 for each side of the equation.

CFIB says that means employers and employees will see their basic CPP premiums rise by 3.8% in 2021, compared with this year, and the maximum amount of income subject to annual premiums paid by each side could rise as much as nine per cent, if a worker’s annual income is $60,000 or more.

 

Many small businesses continue to struggle to survive

https://www2.slideshare.net/paulyoungcga/small-business-post-covid19-survival-or-collapse-analysis-and-commentary

 

Here is my look at pensions

https://www2.slideshare.net/paulyoungcga/pension-funds-what-is-happening-to-the-value-of-your-pension

 

CPPIB

https://www.benefitscanada.com/news/cppib-ups-u-k-logistics-allocation-psp-invests-in-paris-real-estate-152088 or fund performance - https://financialpost.com/news/fp-street/canada-pension-posts-5-quarterly-return-on-equities-recovery or Climate Change - https://financialpost.com/financial-times/cppib-says-excluding-fossil-fuels-from-its-portfolio-would-be-an-active-short-on-human-ingenuity

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