Ahhh the new year in the Okanagan. A time for resolutions, new beginnings, new projects…and for all Canadians: changes to EI, CPP and RRSP maximums.
Effective January 1, 2011, the Canadian Revenue Agency changed the maximums as follows:
Employment Insurance – the maximum employer contribution is $1,101.46, the maximum employee contribution is $786.76. At the rate of $1.78, the maximum annual insurable earnings are $44,200. This increase will support the increase in the weekly EI benefit from $457 to $468.
Canada Pension Plan – the maximum employee contribution is $2,217.60. At the rate of 4.95, the maximum annual contributory earnings are $44,800.
Registered Retirment Savings Plan – the contribution limit for 2011 is $22,450. Contributions towards the 2010 limit can be made until March 1, 2010.
For more information, contact our office or visit www.cra-arc.gc.ca
Content retrieved from: https://encompassbenefits.com/news/2011-cra-limits/.