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.

Boost CPP payroll deductions, ... 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.

This article appears in the April 2023 issue of Investment Executive. Subscribe to the print edition, read the digital edition or read the articles online.. Business-owner clients struggling to absorb ...

Combining CPP and EI, workers making $73,200 or more will have to pay $5,104 in federal payroll taxes this year. Employers will pay $5,524. How to manage a lower paycheque ...

Finance Minister Jim Flaherty is describing an expanded Canada Pension Plan as a “payroll tax,” but says he can see how such a move would benefit Canadians over the long term ...

CPP benefits will increase by 1.8 per cent for those already receiving them. The maximum CPP retirement benefit for new recipients will increase from $986.67 to $1,012.50 per month.

Laura Jones: CPP payroll tax increase would hurt affordability Finance ministers from across Canada are meeting in Vancouver, the least affordable city in the country, to discuss whether to deduct ...

Here are two situations: A – Non-Resident Employees.When you pay an employee in a foreign country – a non-resident – you as the Canadian employer need to deduct Canada Pension Plan contributions in ...

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 ...

Thankfully, Canadians don’t have to rely solely on theory since we have a natural experiment with mandatory increases to CPP contributions. Specifically, the CPP payroll tax increased to 9.9% in 2003 ...