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Canada Revenue Agency announces maximum pensionable earnings for 2013

|| November 1, 2012

On November 1, 2012, the Canada Revenue Agency announced the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2013. The rate remains unchanged at 4.95% for employee and employer, and 9.9% for self-employed. Contributors who earn more than $51,100 in 2013 are notrequired or permitted to make additional contributions to the CPP.

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