Quote:
Originally Posted by GGG
CPP deductions use your before tax income.
You get a non refundable tax credit for your contribution but it's at the base rate rather than the marginal rate.
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I just got a tax insight blast from PwC saying part of the change is to make the CPP contributions tax deductible (marginal rate) rather than just a tax credit (base rate). Since it's so fresh I'm not sure if that's true or not, but that does make the hit a little more manageable with the new higher limit.