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What Is the CPP2 Deduction on My Pay Stub?

08/31/202607/24/2026 by Administrator
Man with eyeglasses reviewing paperwork and a laptop at a table at home, illustrating the CPP2 deduction on a 2026 pay stub

A deduction labelled “CPP2” just appeared on your pay stub mid-year? That’s the second CPP contribution: 4% on earnings between $74,600 and $85,000 in 2026, max $416. Here’s why it shows up suddenly and what it buys you.

Categories Tax & Money 1 Comment

$150 Disability Benefit Supplement Lands September 17, But Not For Everyone

09/11/202607/22/2026 by Administrator
Woman using a wheelchair in her kitchen at home, illustrating the $150 Canada Disability Benefit supplement starting in September 2026

Confirmed September 10: the $150 Canada Disability Benefit supplement is paid on September 17, 2026, but only to people who received a benefit payment between July 2025 and June 2026. Everyone else waits until Winter 2027.

Categories News 1 Comment

When Do CPP Contributions Max Out in 2026?

08/31/202607/22/2026 by Administrator
Woman at an office desk reviewing paperwork, illustrating when CPP contributions max out in 2026

CPP has two ceilings in 2026: $74,600 for the base 5.95% and $85,000 for the 4% CPP2 tier. Here’s when each deduction stops at every salary level, why they wind down in stages, and what happens in January.

Categories Tax & Money 2 Comments

CPP and OAS Land July 29: What the 1.2 Percent Increase Adds to Your Deposit

08/31/202607/20/2026 by Administrator
Senior couple reviewing paperwork and a smartphone at home, illustrating the OAS increase July 2026 and the July 29 CPP payment date

CPP and OAS payments arrive July 29, 2026, with OAS rising 1.2 percent to $751.97 and $827.17 monthly. Here are the new GIS amounts, the clawback thresholds and why your supplement may change by more.

Categories News Leave a comment

Why Did My EI Deductions Stop Mid-Year? (2026 Maximums Explained)

08/31/202607/20/2026 by Administrator
Woman working on a laptop at a bright office desk, illustrating why EI deductions stop mid-year once the 2026 maximum is reached

If your EI deduction suddenly vanished from your pay stub, you’ve hit the 2026 maximum of $1,123.07. Here’s when it happens at every salary level, what it means for your net pay, and the January catch to plan for.

Categories Tax & Money 1 Comment

Canada Child Benefit Payments Go Up Monday: Here Is What Families Will Actually Receive

08/31/202607/19/2026 by Administrator
Mother working on a laptop at the kitchen table while her two young sons eat breakfast, illustrating the Canada Child Benefit increase

Canada Child Benefit payments increase starting July 20, 2026. New maximums reach $8,157 per child under 6 and $6,883 for ages 6 to 17, with higher income thresholds and a new base year that could change your deposit.

Categories News Leave a comment

2026 Federal Tax Brackets in Canada: CRA Income Tax Thresholds and Indexation Update

08/31/202607/17/2026 by Administrator
Person working at a desk with a laptop, papers and a lamp, reviewing the 2026 federal tax brackets and CRA indexation update

The 2026 federal tax brackets are confirmed: CRA thresholds indexed 2%, the lowest marginal rate cut to 14%, and the Basic Personal Amount raised to $16,452. Here are the full brackets, the indexation factor, and what it means for your federal tax payable.

Categories News, Uncategorized 1 Comment
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