8/13/2015

EI & CPP

Today's a great day guys!

We get our paystubs today for tomorrow's payday and I've maxed out my CPP and EI contributions for the year - which means each pay going forward will be an extra $200.

Woohoo!


For any non-Canadians...

CPP is the Canadian Pension Plan .  It's required for employees and employers to contribute a fixed amount about to a maximum each year.  Once you retire, you withdraw from CPP depending on certain income thresholds.

EI is Employment Insurance.  It's another government plan where there are fixed contributions about to a maximum by both the employer and the employee.  You can apply for EI if you are laid off, got on maternity/paternity leave, etc. - basically if you lose your job through no fault of your own.

Related Posts:

  • Bi-Weekly Budget - there isn't oneMe not being organised combined with going to Palm Springs combined with the Easter weekend means there's all sorts of un-rest in my bank.... That said my credit card is paid off and I have $154 American and $260 Canadian to… Read More
  • 11.32%11.32% could mean a lot of things. Would you like to know what it means to me, today? i got a raise!!!!! yea. that's right. a big freaking raise.  Effective April 3, 2010 my new annual salary will be $53,000 (it's cur… Read More
  • where have i been?My mom said that she's looking forward to work calming down some - because she misses me....  I hadn't realized how absent I've been lately.  So, what's been going on? Well - work mostly.  It's been pretty c… Read More
  • Passport Has Arrived & Upcoming Travel PlansHurray!! I am now a travelling lady! ... or I will be...I'm really quite excited about it all. I'm really looking forwad to  my trip to Palm Springs - not just for the amazing time I'll have - but I'm going to tra… Read More
  • Guest Post: Creative Ways to Pay Off Your DebtMany people are just starting to assess the damage from this recession, and realizing that they still need to reduce their debt load. They know now that credit can be great for liquidity when in supply, but it can also be an … Read More

3 comments:

  1. Yay for the additional money!!!

    ReplyDelete
  2. That is awesome, perfect timing for you aswell ! My husband hit the same thing last month and it's definitely a nice boost :)

    ReplyDelete

Hi! Thank you for stopping by and leaving a message.

Links ♥

Followers