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Canada Pension Plan Contributions for 2008
The Canada Pension Plan contribution rate for 2008 is unchanged, at 4.95% of pensionable earnings for the year. The maximum pensionable earnings for the year will be $44,900, and the basic exemption is unchanged at $3,500.
The maximum employer and employee contribution for 2008 will therefore be $2,049.30, and the maximum self-employed contribution will be $4,098.60
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Sep. 07, 2010
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