What Is The 2024 Social Security Tax Limit In Canada
What Is The 2024 Social Security Tax Limit In Canada. This is a significant jump from 2023โs. In chats with my colleagues across canada, many are in.
Beginning january 1, 2024, you must deduct the second additional cpp contributions (cpp2) on earnings above the annual maximum pensionable earnings. The limit for 2023 and 2024 is $25,000 if you are a single filer, head of household or qualifying widow or widower with a dependent child.
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