Maximum Pension Amounts

The Income Tax Act outlines the maximum annual pension amount that a RPP may provide to its members. This maximum annual pension amount is used to determine the maximum pensionable earnings and related contributions allowed in any given year. These maximum amounts are determined by CRA and change annually. 

Once a member reaches the maximum pensionable earnings, pension contributions for that year are stopped. Members do not pay pension contributions on earnings that are above the maximum allowed as they have already earned the maximum pension payable for that year.

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