The Canada Revenue Agency has published the Canada Pension Plan (CPP) contribution rates and maximums for 2020, which are as follows:

• The pensionable earnings maximum is increased to CAD 58,700, while the basic exemption amount remains CAD 3,500, resulting in maximum contributory earnings of CAD 55,200;
• The employee and employer contribution rates are increased from 5.10% to 5.25% (10.50% for…