2024 CPP/QPP Enhancements:
Starting on January 1, 2024, a new limit called the “second earnings ceiling” will be implemented. This is in addition to the current Year’s Maximum Pensionable Earnings (YMPE), now referred to as the “first earnings ceiling”. Employees who earn more than the YMPE will be required to make additional CPP contributions (CPP2).
To read more about the CPP Enhancement and what is required of employers, click this link: Second additional CPP (CPP2) contribution rates and maximums – Calculate payroll deductions and contributions – Canada.ca
What’s happening at benefitsConnect?
2024 Goal: Strengthening Relationships with Insurance Carriers and Employee Perk Partners
Our team aims to build stronger connections with our insurance carriers and employee perk partners this year. To achieve this, we plan on conducting monthly educational sessions to keep ourselves up-to-date about any product updates or policy changes. These sessions will also serve as a platform to work together and enhance collaboration, ultimately leading to improved services for our clients.
Employee Perk of the Month
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