Question
Mrs. Jane is employed by a corporate in BC. Her gross monthly salary is 3,500 which including all benefits. Below is the new federal CPP
Mrs. Jane is employed by a corporate in BC. Her gross monthly salary is 3,500 which including all benefits. Below is the new federal CPP rate in 2022, what is CPP deduction for Jane and her employer?
Year | Maximum Contributory | Rate (%) | Maximum CPP Employee/Employer Contribution | Annual Basic Exemption |
2020 | $64,900 | 5.70 | $3,499.80 | $3,500 |
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Corporate Financial Strategy
Authors: Ruth Bender
4th Edition
1136181105, 9781136181108
