Payroll taxes are on the rise, in the middle of a pandemic, even as the federal government hands out more than a billion dollars every week in wage subsidies to keep struggling businesses afloat.

“Every penny counts these days.” The increases for 2024 are reflected based on new changes to Employment Insurance (EI) taxes and CPP, or payroll taxes. If you have an income of $30,000 a ...

Business-owner clients struggling to absorb the cost of rising Canada Pension Plan (CPP) payroll contributions over the past five years will get little relief when the second stage of CPP expansion ...

Today and tomorrow the ministers will be debating, possibly even deciding, whether or not to increase the Canadian Pension Plan payroll tax.

The paper says the eligibility age for CPP benefits could be increased to 67 to minimize a payroll tax increase and contributions should be tax-deductible. And the report says the age limit for ...

It's a tax, it's a payroll tax on employers and employees ... Talks among the provinces on CPP reform have been heating up of late, but Mr. Flaherty and his fellow ministers have largely remained ...

"We believe that CPP payroll taxes can hurt the economy and distract from what truly matters for all Canadians — keeping our economy strong and our finances in a strong fiscal footing is the ...

Lacking a workplace pension does not doom someone to an insecure retirement Canada’s finance ministers are meeting this week in Vancouver to discuss expanding the Canada Pension Plan (CPP), a move ...

The proposal getting the most attention is a mandatory expansion of the CPP. Such a change would require working Canadians to contribute more of their income today via payroll taxes with the promise ...

But as of 2024, the CPP includes a new, second earnings ceiling. For those who make more than a given amount, additional payroll deductions now apply. “The primary objective of these changes is ...