The new “enhanced” Canada Pension Plan (CPP) will benefit the generations that follow the Baby Boomers. Currently CPP replaces pre-retirement earnings up to 25% of the current Year’s Maximum Pensionable Earnings limit (YMPE) of $57,000/year. The enhanced plan will replace 33.33% of a worker’s lifetime earnings to a higher pensionable earnings limit of $65,400. The … Continue reading
