The Canada Revenue Agency announced today that the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2008 will be $44,900. That’s up from $43,700 in 2007.The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada.Contributors who earn more […]
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Great-West Lifeco Inc. reported a drop in quarterly profit for the third quarter ended September 30, as the company took a $97 million provision for certain Canadian retirement plans.After markets closed Thursday, the life insurance company said Q3 net income was $461 million, or 51.6¢ a share, compared with a profit of $477 million or […]
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