[author: Lesha Van Der Bij]
The Registered Plans Directorate at the Canada Revenue Agency has updated the rates for money purchase, registered retirement savings plan, deferred profit sharing plan and defined benefit limits, which may be used to calculate pension adjustments, past service pension adjustments and pension adjustment reversals. The Directorate has also increased the Year’s Maximum Pensionable Earnings (YMPE) to $51,100 for 2013.
Administrative Law Updates, Finance & Banking Updates, Labor & Employment Law Updates, Tax Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Osler, Hoskin & Harcourt LLP
JD Supra gets your content noticed, increases your visibility and makes your marketing efforts hassle free...
Learn More or Schedule a demo