New CRA Annual Maximums for 2014

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Effective January 1, 2014, the Canada Revenue Agency changed the maximums as follows:

2012  2013  2014 
Employment Insurance  
Maximum weekly benefit          485.00          501.00          514.00
Maximum annual employee contribution          839.97          891.12          913.68
Maximum annual employer contribution      1,175.96      1,247.57      1,279.15
Maximum insurable earnings    45,900.00    47,400.00    48,600.00
Canada Pension Plan
Maximum employee contribution to plan      2,306.70      2,356.20      2,425.50
Maximum annual contributory earnings    50,100.00    51,100.00    52,500.00
Registered Retirement Savings Plan*
Contribution limit    22,970.00    23,820.00    24,270.00
*Contributions towards 2013 can be made until March 1, 2014

 

For more information, contact our office or visit www.cra-arc.gc.ca

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