Monthly Archives: November 2021

Tax Tips Nov 2021

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

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 »