2024 Maximum Pensionable Earnings. In 2024 there will be a year's additional maximum pensionable earnings (yampe, also called the 2nd earnings ceiling) calculated, which will be 107% x the ympe. The maximum limit of earnings protected by the cpp will also increase by 14% between 2024 and 2025.
The yampe is based on the amount of the first earnings ceiling and is used to determine the second additional cpp and qpp contributions (cpp2, qpp 2). Starting in 2024, a higher, second earnings ceiling of $73,200 will be implemented and used to determine second additional cpp contributions (cpp2).
2024 Maximum Pensionable Earnings Images References :