Canada - Bharti Axagi

CPP Deduction Changes in 2025: Contribution Rates, Maximums and Exemptions | Key Dates & Schedule

March 9, 2025 by Bharti

CPP Deduction Changes in 2025: The maximum contribution will increase from $3,867 in 2025 to $4,034.10, but the employer and employee CPP contribution rates will remain at 5.95 percent. For many Canadians, this is the main source of their retirement income. A number of adjustments and modifications are anticipated to affect beneficiaries as 2025 approaches.Significant … Read more

Canada Workers Benefit 2025: How it Works? Check CWB Advance Payments and Eligibility

March 8, 2025 by Bharti

Canada Workers Benefit 2025: The Low-income workers and their families are intended to benefit from the Canada Workers Benefit 2025 (CWB), a refundable tax credit. As part of the Canadian government’s commitment to reducing poverty and encouraging workforce participation, the CWB provides financial assistance to individuals and families who are working but earning modest incomes. … Read more