Canada Pension Plan Cola Increase For 2024. For 2024, employee and employer cpp contribution rates will remain at 5.95 per cent, but the maximum pensionable earnings will increase to $68,500, while the basic exemption amount remains at $3,500. The adjustment will be included in.
The maximum pensionable earnings under the canada pension plan is increasing to $68,500 in 2024, up from $66,600 in 2023. The main changes in the cpp pension plan for 2024 include an increase in the maximum pensionable earnings, an increase in the contribution rate, and the introduction of a.
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