Your 2017 pension contributions
January 09, 2017
Welcome back to work!
Here’s what you need to know about your 2017 pension contributions:
you’ll contribute 11.5% of your annual salary up to the Canada Pension Plan (CPP) limit; and
13.1% of any salary above the CPP limit.
This year the CPP limit is $55,300. Learn more here about how Ontario Teachers’ and CPP work together.
If you’re considering paying for a leave, the standard interest rate for the year is 1.18%.
To see the exact amount you’re contributing to your pension, check your pay stub or T4 slip.
Retired? Learn about your 2017 inflation adjustment here