Monthly Archives: November 2021

Tax Tips Nov 2021

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Piggy Bank

Canada Revenue Agency announces maximum pensionable earnings for 2022. The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2022 will be $64,900—up from $61,600 in 2021. Full article Canada Revenue Agency announces maximum pensionable earnings for 2022 – Canada.ca   Effective January 1, 2022, the maximum insurable earnings will increase from $56,300 to… Read more »

Wage Increase

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Canadian Money with Caculator

The Ontario government has announced that it will increase the provincial minimum wage to $15 per hour next year.  The increase will come into effect on January 1, 2022. The current minimum wage is $14.35 per hour. Under the proposed changes, the special minimum wage rate for liquor servers would be eliminated and they would… Read more »