Summary of changes impacting tax measures: The 2023 Canadian Federal Budget was presented March 28, 2023. A number of changes were proposed, below is a quick summary […]
Federal individual tax credits for 2019January 17, 2019
Quebec Pension Plan Premiums for 2019January 17, 2019
The Canada Pension Plan contribution rate for 2019 is increased to 5.1% of pensionable earnings for the year.
The maximum pensionable earnings for the year will be $57,400, and the basic exemption is unchanged at $3,500.
The maximum employer and employee contributions to the plan for 2019 will be $2,748.90 each, and the maximum self-employed contribution will be $5,497.80.
The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.