In 2023, the CPP tax rate is 5.95% to a maximum deduction of 3754.45

Name: In 2023, the CPP Tax Rate Is 5.95% to a Maximum Deduction of 3754.45
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Question

Answer 1

### $63000

Answer 2

## Step 1: Calculate the maximum pensionable earnings### The maximum CPP contribution is

3754.45

5.95\%

0.0595x = 3754.45

0.0595

x = \frac{3754.45}{0.0595} = 63000$

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