This Advisory sets out the details of the next phase of the enhancements to the Canada Pension Plan (CPP) and Québec Pension Plan (QPP) that are being implemented in 2024. This phase increases, over two years, the maximum earnings on which the CPP or QPP benefit is based. Plan sponsors should review their pension plans to determine whether to amend their plan to account for these additional enhancements. They should also consider communicating with employees regarding the changes in benefits and contributions under this new phase.
| Title | File Type | File Size |
|---|---|---|
| Second phase of CPP and QPP enhancement begins in 2024 | .1 MB |
