{"id":26717,"date":"2024-01-08T19:54:54","date_gmt":"2024-01-08T19:54:54","guid":{"rendered":"https:\/\/3ataxservicespc.ca\/?p=26717"},"modified":"2024-10-11T04:08:10","modified_gmt":"2024-10-11T04:08:10","slug":"the-canada-pension-plan-enhancement-businesses-individuals-and-self-employed-what-it-means-for-you","status":"publish","type":"post","link":"https:\/\/3ataxservicespc.ca\/index.php\/2024\/01\/08\/the-canada-pension-plan-enhancement-businesses-individuals-and-self-employed-what-it-means-for-you\/","title":{"rendered":"The Canada Pension Plan enhancement \u2013 Businesses, individuals, and self-employed: what it means for you"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"26717\" class=\"elementor elementor-26717\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41692ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41692ab\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1709295\" data-id=\"1709295\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8e6031c elementor-widget elementor-widget-text-editor\" data-id=\"8e6031c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Canada Pension Plan (CPP) enhancement, which was introduced on January 1, 2019, is designed to help increase retirement income for working Canadians and their families.<\/p><p>The CPP is a mandatory pension plan financed by contributions from employees, employers, and self-employed individuals. It covers virtually all workers in Canada except Quebec, which administers its own plan called the Quebec Pension Plan (QPP). The CPP replaces a basic level of earnings for contributors upon retirement, disability, or death.<\/p><p>Once mature, the CPP enhancement will increase the maximum CPP retirement pension by about 50%. It will also increase the survivor and disability pensions.<\/p><p>Enhancing the CPP will significantly reduce the number of Canadian families at risk of not saving enough for retirement, particularly those who do not have a workplace pension plan.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1e2c04 elementor-widget elementor-widget-button\" data-id=\"f1e2c04\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/news\/2023\/05\/the-canada-pension-plan-enhancement--businesses-individuals-and-self-employed-what-it-means-for-you.html?utm_campaign=not-applicable&#038;utm_medium=vanity-url&#038;utm_source=canada-ca_cpp-enhancement\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Learn more<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Canada Pension Plan (CPP) enhancement, which was introduced on January 1, 2019, is designed to help increase retirement income for working Canadians and their families. The CPP is a mandatory pension plan financed by contributions from employees, employers, and self-employed individuals. It covers virtually all workers in Canada except Quebec, which administers its own &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"ast-button\" href=\"https:\/\/3ataxservicespc.ca\/index.php\/2024\/01\/08\/the-canada-pension-plan-enhancement-businesses-individuals-and-self-employed-what-it-means-for-you\/\"> <span class=\"screen-reader-text\">The Canada Pension Plan enhancement \u2013 Businesses, individuals, and self-employed: what it means for you<\/span> Read More \u00bb<\/a><\/p>\n","protected":false},"author":5,"featured_media":27483,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[55],"tags":[],"class_list":["post-26717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cra-infomation"],"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822.jpg",1280,853,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-300x200.jpg",300,200,true],"medium_large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-768x512.jpg",768,512,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-1024x682.jpg",1024,682,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822.jpg",1280,853,false],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822.jpg",1280,853,false],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-600x400.jpg",600,400,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-100x100.jpg",100,100,true]},"uagb_author_info":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"uagb_comment_info":0,"uagb_excerpt":"The Canada Pension Plan (CPP) enhancement, which was introduced on January 1, 2019, is designed to help increase retirement income for working Canadians and their families. The CPP is a mandatory pension plan financed by contributions from employees, employers, and self-employed individuals. It covers virtually all workers in Canada except Quebec, which administers its own&hellip;","rttpg_featured_image_url":{"full":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822.jpg",1280,853,false],"landscape":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822.jpg",1280,853,false],"portraits":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822.jpg",1280,853,false],"thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-150x150.jpg",150,150,true],"medium":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-300x200.jpg",300,200,true],"large":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-1024x682.jpg",1024,682,true],"1536x1536":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822.jpg",1280,853,false],"2048x2048":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822.jpg",1280,853,false],"woocommerce_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-300x300.jpg",300,300,true],"woocommerce_single":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-600x400.jpg",600,400,true],"woocommerce_gallery_thumbnail":["https:\/\/3ataxservicespc.ca\/wp-content\/uploads\/2024\/10\/pexels-photo-12955822-12955822-100x100.jpg",100,100,true]},"rttpg_author":{"display_name":"Tax Admin","author_link":"https:\/\/3ataxservicespc.ca\/index.php\/author\/tax-admin\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/3ataxservicespc.ca\/index.php\/category\/cra-infomation\/\" rel=\"category tag\">CRA Information<\/a>","rttpg_excerpt":"The Canada Pension Plan (CPP) enhancement, which was introduced on January 1, 2019, is designed to help increase retirement income for working Canadians and their families. The CPP is a mandatory pension plan financed by contributions from employees, employers, and self-employed individuals. It covers virtually all workers in Canada except Quebec, which administers its own&hellip;","_links":{"self":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/26717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/comments?post=26717"}],"version-history":[{"count":6,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/26717\/revisions"}],"predecessor-version":[{"id":27485,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/posts\/26717\/revisions\/27485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media\/27483"}],"wp:attachment":[{"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/media?parent=26717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/categories?post=26717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/3ataxservicespc.ca\/index.php\/wp-json\/wp\/v2\/tags?post=26717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}