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Year’s Maximum Pensionable Earnings

By Occasional Contributors | 3 Minutes Read June 29, 2016

An expanded Canada Pension Plan (and a very questionable future for the Ontario Retirement Pension Plan)

The Ontario Retirement Pension Plan (ORPP) seemed like a sure thing—until it wasn’t. On June 20, 2016, Bill Morneau, the federal Minister of Finance, and eight of ten provincial finance ministers did what many to this point thought was impossible: reach an agreement in principle to expand the Canada Pension Plan (CPP).

Article by Occasional Contributors / Business, Finance and Accounting, Not for Profit, Payroll / agreement in principle, CPP contributions, expanded Canada Pension Plan, Income tax benefit, increased payroll costs, new tax deduction, Ontario Retirement Pension Plan, ORPP, Payroll, Payroll tax, Pensions and Benefits, quebec pension plan, retirement, Year’s Maximum Pensionable Earnings

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