second additional CPP contributions

Second Additional CPP Contributions: Deadline & Everything You Need to Know

As of January 1, 2024, authorities have instituted significant changes in the Canadian Pension Plan (CPP) landscape, mandating employers to deduct a second additional Canada Pension Plan (CPP2) on earnings exceeding the annual maximum pensionable earnings. The Canada Revenue Agency’s (CRA) requirements must be strictly followed to effect this revolutionary change. Learn more about the