For the salary stream, the result page has been updated to display the taxable income for the pay period.The result page has been updated to display the CPP2/QPP2 contributions and deductions for CPP/QPP additional contributions.The formulas to calculate the contributions and the tax deductions have been added to the calculator. As per Canada Pension Plan Regulations Subsection 5.1 (1), for the year 2024 and each subsequent year, pensionable earnings between the Year’s Maximum Pensionable Earnings (YMPE) and a second earnings ceiling, referred to as the Year’s Additional Maximum Pensionable Earnings (YAMPE), are subject to second additional CPP (CPP2) contributions.
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