- Moderator
- #235,141
In the case of CPP, maximum contributions by employees and employers will be $3,499.80 in 2022, up from $3,166. For self-employed Canadians, the maximum amount will be $6,999, up from $6,332.
Although the CPP contribution increase is part of a multi-year plan approved by the provinces and the federal government five years ago to increase contributions and benefits over time, this hike is the largest in three decades, and a lingering effect of the pandemic on the labour market.
Although the CPP contribution increase is part of a multi-year plan approved by the provinces and the federal government five years ago to increase contributions and benefits over time, this hike is the largest in three decades, and a lingering effect of the pandemic on the labour market.