The Canada Pension Plan (CPP) rate and exemption remains the same in 2014. But the maximum pensionable earnings increase $1,400 to $52,500 in 2014 from $51,100. As a result, the employees who earn $52,500 or more will have to make $69.30 more in CPP contribution compared to 2013. Employers will also see their CPP expenses to increase $69.30 for each employee whose salary is $52,500 or higher.
Basic payroll information for employers
Canada Pension Plan (CPP) for the self-employed
Who has to pay CPP contributions
Payroll remittance due date and payday
The Payroll steps – an employer’s responsibilities with the CRA