The Federal Government is planning to increase the Canada Pension Plan contribution rate in order to deduct more from your earnings, which will increase retirement benefits in the future. However, these changes will lead to positive and negative effects on you, as a Canadian. 0:33 - 1. What You Need to Know 1:09 - 2. The Contribution Rate 1:44 - 3. What's Changing? 3:11 - 4. Good or Bad Changes? Visit our website for more information and tax-related advice: http://madanca.com Follow us on social media Twitter: https://twitter.com/Madan_CA Facebook: https://www.facebook.com/MadanCharter... Instagram: https://www.instagram.com/madanaccoun... Google+: https://plus.google.com/1085518694535... Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. All figures and dollar amounts are used for example purposes only. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
New Tax Rate for the Canada Pension Plan (2016) - YouTube |
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