CFIB calls for freeze on Canada Pension Plan premiums set to rise on Jan. 1
Paul Young
Experience Senior Financial Planning, Analysis and Reporting SME seeking P/T or F/T job.
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
Here is my look at pensions
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