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.
EI & CPP
Posted by Jessie's Money with 3 comments
Related Posts:
I am now an owner!One of the unique and awesome things about the company I work for is that it is 100% employee owned, in an industry where that is pretty rare (from my understanding of it). All salaried employees can join the share purchase p… Read More
Student Loan Plan of Attack....One of my goals for 2010 is to completely pay off my student loans. Now that we're into the swing of things for 2010, I thought I'd review my plan to get it paid off.
The combined balances (after today's deposit) are s… Read More- Update - This & ThatLittle Brother
To all those bloggers who are also parents and have full time jobs - I am so impressed!
With have Jordan's little brother staying with us, the frequency that I have been writing has gone down dramatically over… Read More
- Roommate Wanted...I feel like I've written this post a hundred times before....well - this is actually the third time.
After I got home the night before last, Jordan and I got talking and realized roommate, B-rad, hadn't left a rent cheque. &… Read More
- Crisis ModeWe have gone from one crisis to another and then slapped with another.
wow, am i ever tired. my whole family is tired.
My grandmother fell on Thursday night. She broke her hip pretty badly. She was rushed to hospital, which… Read More
Yay for the additional money!!!
ReplyDeleteLove it :)
DeleteThat is awesome, perfect timing for you aswell ! My husband hit the same thing last month and it's definitely a nice boost :)
ReplyDelete