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8:06
YouTube
Eric Seto, CPA
HOW TO MAXIMIZE CANADIAN PENSION PLAN (CPP)
Key takeaways for Canadian Pension Plan 1. 18+ years old earn income - you contribute to CPP 2. This is based on a % of your earnings 3. As of 2021 the contribution rate for employees and employer is 5.45%. Usually you pay half and your employer pays half 4. The maximum contribution per year in 2022 is $64,900 5. CPP provides monthly income to ...
424 views
Jul 18, 2023
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Canada Pension Plan Enhancement: Second CPP Contribution
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💰 Canada Benefits Explained — Child Benefit, Trillium Benefit & Pension Eligibility 🇨🇦 🇨🇦 If you live or work in Canada, you may qualify for three major government benefits — here’s a quick guide 👇 👶 1️⃣ Canada Child Benefit (CCB) Eligibility: ✅ You live with a child under 18 ✅ You’re primarily responsible for the child’s care ✅ You or your spouse is a Canadian citizen, PR, refugee, or resident for tax purposes ✅ You’ve filed your annual income tax return 💵 Payment: Up to $7,437 per chil
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